You go Scotty

[XCR1250]

Walker and Wisconsin lead bid to eliminate income tax

by Paul Bedard, Washington Secrets Columnist  |  

 | December 16, 2021 08:56 AM

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A new campaign to eliminate the state income tax in Wisconsin began Thursday as it promised to save taxpayers about $1,700 and expand revenue by boosting Main Street businesses and attracting out-of-staters choking on high taxes.

Led by former Republican Gov. Scott Walker and anti-tax groups such as the Institute for Reforming Government and Americans for Tax Reform, the effort has national implications, especially as other states, including Texas and Georgia, are also facing calls to cut income taxes.

 

“I love the idea of not just lowering it, but wiping it out entirely,” Walker told Secrets. “It’s going to be a huge game-changer,” he added.

Walker said he entertained the idea as the state’s former governor. Now, armed with an authoritative blueprint from the Center for Research On the Wisconsin Economy released Thursday, he said the path is clear.

“The bottom line is that it is good for the working class. It is good for the working men and women of Wisconsin,” he said.

From @CROWE_UW: eliminating the income tax will result in 170,000 additional jobs after 8 years as higher paychecks move people off the sidelines and drive workers to WI. Read more about why eliminating the personal income tax is the right call for WI:https://t.co/OJdS6oSZPG

— Institute for Reforming Government (@ReformingGovt) December 16, 2021

In his study titled “Fundamental State Tax Reform: Eliminating the Income Tax in Wisconsin,” University of Wisconsin-Madison economics professor Noah Williams said a bump in the state sales tax from 5% to 8% would help offset the revenue lost by the much larger income tax.

And, he added, killing the income tax would boost spending and investment by businesses, creating more tax revenue and attracting people to Wisconsin from high-tax states.

“I show that an average household in Wisconsin pays nearly $2,800 in income taxes, while the increased sales tax would add nearly $1,100 in taxes. Thus, the reform means a tax cut of roughly $1,700 per household. So in addition to changing the tax structure, this reform is a substantial tax cut,” said his report.

“This report shows how to cut taxes all around, but especially for middle-class families and small business owners,” said C.J. Szafir, the president of the Institute for Reforming Government. “The reform would be a game-changer for Wisconsin. More take-home pay. Higher employment. Higher GDP growth. It would be a win all around.”

Walker is a former honorary chairman of the Institute for Reforming Government.

Americans for Tax Reform President Grover Norquist added, “Doing away with the state income tax would make Wisconsin more economically competitive both nationally and globally. In addition to making Wisconsin a much more prosperous place to live and work, a repeal of the state income tax would also increase the job-creating capacity of small businesses, most of whom file under the personal income tax system.”

In an interview, Walker noted that raising the sales tax isn’t as effective in Wisconsin as in other states where the tax covers every item. Wisconsin does not tax food and drugs, for example. Also, local towns typically have a tiny piggyback sales tax, unlike in other states.

He said it could be a model for other states.

“There’s no doubt about it,” Walker said. “I would expect that there will be tremendous interest in this,” he added.

[hayward]

Good luck.  We can't even get this crummy fucking state of ours to eliminate the school property taxes by raising the sales tax from 6% to 7.5%.  The schools love their guarenteed tax-collected money on a yearly basis.  What would someone care if the tax on their 40,000 vehicle would be an extra $600?

[racer254]

I hope this gets some traction, but with the idiot liberals around madison and milwaukee, it will surely be met with a lot of resistance.