Opponents of the new Taxpayer Bill of Rights proposal are aiming directly at the heart of its main justification: that revenue limits on state, county, and municipal governments are necessary to improve Wisconsin's business climate.
TABOR, they say, places economic development, and by extension technology investment, in jeopardy.
Based in part on Colorado's TABOR experience, detr......Full article >>>
were exposed during the recession of 2001 and the sluggish recovery that ensued.
Under the TABOR concept, surplus taxes are returned to taxpayers, and proposed tax increases above the prescribed revenue limit must be approved by residents. Last fall, Colorado voters allowed the state to keep an estimated $3.7 billion that otherwise would have been refunded to taxpayers. The referendum all......Full article >>>
er for Wisconsin's forthcoming election season. Earlier this week, the Associated Press published a study showing that Wisconsin companies saw their profits grow more than twice as fast as their state and local tax bills from 1982 to 2000, an indication that the state isn't necessarily the "tax hell" that many believe. Dan Leistikow, press secretary for governor Jim Doyle, said the pro-TABOR lobby......Full article >>>
ies and 48.6 percent of villages operated underneath the cap. For Schoepke, that raises the question, "If half of our cities can do this, why can't the other half?"
Jim Pugh, public relations director for WMC, believes technology businesses with a lower tax burden would be more attractive to investors. "You're going to put more money into the private sector and less money into the governm......Full article >>>
m the venture capital community perspective, the vast majority of money comes from pension funds, foundations, and endowment funds, not to mention out-of-state investors, and none of those are Wisconsin taxpayers," he noted. "So, it's not going to have an impact on the biggest pool of capital out there."
In addition to eliminating capital gains taxes, the report recommends improvements to......Full article >>>
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