
2023 Policy Agenda Read More The MacIver Institute’s 2023 Agenda
2023 Policy Agenda Read More The MacIver Institute’s 2023 Agenda
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
The latest data on tax collections for the state of Wisconsin Read More March 2022 Tax Collections Up 6.6% Over 2021
$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 …
The Legislative Fiscal Bureau’s newly released revenue re-estimates show an unexpected $2.6 billion general fund surplus by the end of FY2021, and an even bigger $5.87 billion surplus by the end of the 2021-2023 budget. This is thanks in part to an “unprecedented” $4.4 billion more in tax collections over previous estimates. Read More Budget Blog: “Unprecedented” Tax Collections Lead To Immediate $2.6 Billion Surplus, Could Reach $5.87 Billion By ‘23