Scott Walker Mulls Eliminating Income Tax in Wisconsin
Gov. Scott Walker’s administration is considering taking steps to eliminate Wisconsin’s income tax.
The Republican governor acknowledged
this week that in his administration’s ongoing discussion about the
state’s tax laws, the idea of nixing the income tax has been given
serious thought.
Walker, who survived a recall attempt
in 2012, said his administration is having this discussion well ahead of
the state’s next budget so they can figure out now what employers and
voters think “would be the biggest bang for the buck,” wispolitics.com reported.
“There are many states that do very
well, better than most states in the country, that have no income
taxes,” Walker said during a meeting at the Northern Economic
Development Summit. “That’s one thing for us to look at. Is that
feasible? What would that mean in terms of an economic boost? That’s not
only for individuals, but small businesses in this state.”
Walker boasted of Wisconsin’s economic
growth, telling summit attendees his administration wants to “work” with
them to create jobs. He also explained that specialty training will be
necessary to continue growing the state’s economy.
“The state that’s most aggressively out
front on worker training will be the state that leads the country, if
not the world, in economic recovery,” Walker said. “That’s the one thing
I hear so often. I see it in polls, but more importantly I hear it
every week.”
Lt. Gov. Rebecca Kleefisch and Revenue
Secretary Rick Chandler discussed the state’s tax laws last week.
Chandler said the administration is trying to figure out how to move
forward with the proposed changes by getting input from the public. He
added that there could be changes to the income tax code or property
taxes.
“We want to look at areas where we may
not stack up well against other states, where particular aspects of our
tax code may be out of line with other states,” Chandler said. “We want
to get the overall burden down, and we want to make all elements of the
tax code as competitive as possible.”
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