Multiple members of the Legislative Council’s Steering Committee on Personal Property Tax (PPT) have concluded that the time has come to end this tax on Wisconsin businesses. Eight of nine legislators on the Steering Committee submitted their final statements on the tax earlier this month after hearing from dozens of witnesses in three official meetings over the summer.
Read More State Legislators Want to End Business Personal Property Tax
A recent article by John Fund of National Review tells the story of how capital is continuing to flow to states with lower taxes. Census Bureau statistics tell us that the fastest growing metropolitan areas last year were in states with low tax burdens such as North Carolina and Texas, while union-heavy cities in Michigan, New York, and Ohio continued to lose population. Read More The New War Between States and What it Means for Wisconsin
MacIver News Service – More than 500 economists from across the country signed a letter to President Obama and members of Congress urging them to scrap their plan to raise the federal minimum wage to $10.10 an hour. In the letter, economists urged federal policy makers to put aside their plan to raise the minimum wage and instead focus on creative and comprehensive policies that will address poverty by fostering growth in the economy. Read More More than 500 Economists Denounce Minimum Wage Hike in Letter to Washington
State Rep. Tyler August has found another way state government hurts small businesses and the middle class in Wisconsin. The state is collecting too much money to administer professional and trade licenses. The fees for licenses have become a hidden tax on entrepreneurship and hard work. Read More Professional License Fees: Just Another Tax on Small Businesses
MacIver News Service – Wisconsin Manufacturers and Commerce held a press conference on Wednesday with other business leaders to highlight the negative effects of raising the minimum wage. They also announced a new study that shows Wisconsin would lose 27,000 jobs if it raised the minimum wage to $10.10 an hour. Read More Business Leaders Cite Major Job Losses in Opposition to Minimum Wage Hike