LISTEN – The very first two bills introduced in the Wisconsin State Legislature this session would replace our antiquated progressive income tax with a 3.25% flat tax. Read More MacIver News Minute: Road To A Flat Tax
Dec. 15, 2022 With the state anticipating a $6.5 billion budget surplus, lawmakers have plans for a major overhaul of Wisconsin’s income tax structure. Senate Majority Leader Devin LeMahieu says the senate is currently working on plans for a phased-in 3.5% flat tax. Although championed by conservatives, the flat tax is not party specific. Wisconsin’s democrat stronghold neighbors, Illinois and Michigan, both have a flat tax. Reliably Republican Indiana also has a flat tax, and Iowa is currently phasing one in. Grover Norquist told the MacIver Institute early this week that voters of all stripes strongly support flat taxes. In …
LISTEN – Grover Norquist joined the MacIver Institute’s Newsmakers Podcast to explain why the flat tax is so popular with voters, and why conservatives shouldn’t be so down about the future of the country. Read More MacIver Newsmakers Podcast: Grover Norquist on Tax Reform
$22 Billion in Tax Savings As thoughts turn to how much of our earnings we hand over to the government on this tax day, it’s worth taking note of a memo recently released by the nonpartisan Legislative Fiscal Bureau outlining savings to Wisconsin taxpayers attributable to tax law changes between 2011 and 2021. Their result? Thanks largely to legislative Republicans, taxpayers kept $22 billion in their pockets that would otherwise have been turned over to the government. Income taxes were cut $13 billion, property taxes $8.6 billion and other general fund taxes by $184 million. These savings to taxpayers …
Let’s use the good news that tax collections will be $818 million more than anticipated to move Wisconsin to a 3% flat tax for everyone Read More Use “Unprecedented” Surplus To Move Wisconsin To A Fair Flat Tax