Thursday, September 29, 2011

Wisconsin Budget Project: Tax Cuts and Tax Increases

Tax Cuts Break the Bank.  (Wisconsin Budget Project, 9/28/2011)

Excerpt: Since the beginning of 2011, Wisconsin has implemented six new tax cuts that will cost the state $200 million over the next two years in lost tax revenue.

While the Legislature was adding these new tax breaks – which primarily benefit upper income individuals and businesses – it was slashing investment in our state’s human capital. The result: fewer resources available to promote the education of Wisconsin children, the safety of Wisconsin communities, and the health of Wisconsin’s workforce

[Highlights added.]

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