Empower Wisconsin
All Posts by Empower Wisconsin

10 Years of tax cuts: $13 billion and counting

Empower Wisconsin | Sept. 30, 2019

MADISON — Wisconsin taxpayers have seen north of $13 billion in tax relief over the past decade, according to a new state analysis.

The memo from the nonpartisan Legislative Fiscal Bureau shows in income tax rate cuts alone, a typical Wisconsin family will save $2,000 over the 10-year period between 2011 and 2021.

Assembly Speaker Robin Vos (R-Rochester) notes the tax savings were driven by the Republican-controlled Legislature and former Republican Gov. Scott Walker. Gov. Tony Evers, a Democrat, did sign the latest Republican-crafted budget, which offered another round of tax cuts, But Evers’ original “tax cut” proposal included $1 billion in tax increases on manufacturers and retirement savings.

“One of our top priorities has been to allow Wisconsin families to keep more of their own hard-earned money,” Vos said in a statement. “Republicans have proven we can cut taxes, fund essential state programs and grow the economy.”

Republicans also signed off on an $81 billion, two-year state budget that pumped in $5 billion-plus more in government spending.

But they have delivered on significant tax reductions during their tenure in control of the Legislature.

The Wisconsin Policy Forum found that the tax burden in Wisconsin dropped to the lowest level in nearly 50 years. Its report examined state and local taxes as a share of income.

And the Tax Foundation ranks Wisconsin 32nd in its annual national tax burden ranking, a marked improvement over the last eight years of surveys, Vos notes.

The Fiscal Bureau’s review looked at statutory changes that “directly reduce a person’s tax liability,” the Speaker said.

“As illustrated in the memo, the current budget grows the annual tax cuts to more than $2.3 billion, which includes reductions by more than $1.2 billion in income and franchise taxes and economic development surcharges, $18 million in other general fund taxes and $1.1 billion in property taxes,” Vos said.

Republican legislative leaders recently said they would like to see another round of tax cuts if tax revenue comes in better than expected in January. Evers has balked at the notion, suggesting that he’s not keen on permanent tax cuts using one-time higher tax revenue.

Listen to more:

Explore More
Biden COVID plan: Money for everything!

Biden COVID plan: Money for everything!

Soon we’ll have a new Democratic president backed up by Democratic majorities in Congress, so $900 billion is no longer enough.

Read More »

January 18, 2021
Janesville to cancel school so teachers can be vaccinated

Janesville to cancel school so teachers can be vaccinated

The Janesville School District plans to cancel classes on Friday so that its teachers can receive the first round of vaccinations.

Read More »

January 18, 2021
Tool of the Week: The cancelers

Tool of the Week: The cancelers

If you think the left’s Cancel Culture verged on an intellectual purge before November’s election, you ain’t seen nothing yet. 

Read More »

January 18, 2021
All Woke Up: Libraries are racist

All Woke Up: Libraries are racist

In Woke Land, even the libraries are considered too white. So, the University of Wisconsin-Madison has taken upon itself to “fix” the perceived white supremacy problem with …. racism. 

Read More »

January 17, 2021
Lawmaker: Time to stop Evers’ edicts

Lawmaker: Time to stop Evers’ edicts

As Gov. Tony Evers issues yet another public health order and extends his long-running statewide mask mandate, a Wisconsin conservative lawmaker said it’s time for the Legislature to end the governor’s constant power grabs. 

Read More »

January 15, 2021
State employee meetings, training back on

State employee meetings, training back on

Updated guidance from the Division of Personnel Management now allows for “in person meetings, trainings and conferences up to a maximum of 10 individuals.” 

Read More »

January 15, 2021
Leave a Comment

Your email address will not be published. Required fields are marked *