“Taxes are what we pay for a civilized society,” Supreme Court Justice Oliver Wendell Holmes said ninety years ago.
Taxes pay for much of the goods and services we take for granted, such as roads, fire and police protection, consumer protections, schools, parks, and our social safety net. Taxes make up the largest part of the revenue in our state budget.
Taxes are a part of our daily lives, through the money we pay in sales tax or a deduction in our paycheck for income tax. Once a year, property owners send in a check to their local government for property taxes on their homes and farms.Read more
“Can anything be done to force the largest corporations in the state to pay something for the roads, ports, airports, fire and police services, educated workforce, etc. that they are using in our state?” Linea recently wrote to me. “This implies the smaller businesses are paying far more than their fair share.”
About the time Linea’s question came to me, so did a new memo from the Legislative Fiscal Bureau (LFB) examining the drop in money coming to the state from corporations.
I wondered, just how have business tax credits changed and how might they change in the new budget?
Our state spends a great deal of money on economic development. The Wisconsin Economic Development Corporation (WEDC) is responsible for overseeing much of the taxpayer money that goes to job creation.
A recently released audit by the nonpartisan Legislative Audit Bureau (LAB) found that “WEDC cannot be certain about the number of jobs actually created or retained as a result of any awards that ended.”
By law, WEDC is required to report jobs created or retained. The agency meets the requirement through reports posted on its website. However, auditors found these data inaccurate.Read more
“This is the broadest, most dangerous bill you’ve never heard of.” I told my colleagues during a recent Senate debate. “It’s an obscure way to shut down government from doing something that the Legislature intended to do.”
Senate Bill 15, known by the initials REINS, would allow leaders of the Legislature to shut down the implementation of new laws if the leader found the new law too costly to implement. A version of the bill is moving toward passage at both the state and federal levels of government. I expect the state Assembly will soon take up the bill.
A little background; after a bill becomes law, agencies work on writing the details of how to implement the law. These details, known as Administrative Rules, are vetted by the Legislature through a committee and vetted by the public through hearings.Read more