The state’s largest business group is urging legislative budget-writers to approve a new Republican tax cut plan. “Consistently, businesses tell us in our surveys that high taxes are a problem in Wisconsin,” said Jason Culotta, director of tax policy with Wisconsin Manufacturers and Commerce. “This proposal makes a tremendous stride in the in the right direction to improve our business climate.”
The Republican plan would cut income taxes by more than $750 million. “This will have a dramatic impact,” Culotta said. “There are so many businesses that don’t pay taxes . . . under the corporate income tax code, most businesses actually pay tax as individuals. So that’s where reducing these brackets are so important to helping our job creators.”
Last week, a group of 11 conservative Assembly Republicans forwarded a letter to their leadership, detailing items they insist must be included in any state budget package before they can vote for it. Those provisions include Representative Dale Kooyenga’s tax reform package. The Legislature’s Budget Committee is set to act on the issue Tuesday.
John Colbert, WIBA