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Save the Date
August 24, 2010
Manufacturing and the Future of Wisconsin Commerce
MillerCoors on Cutting Edge of Sustainability Efforts
June 30, 2010
MillerCoors on Cutting Edge of Sustainability Efforts
WBC Summer 2010 Newsletter
June 16, 2010
WBC Summer 2010 Newsletter
April 21, 2010
Press Release, Wisconsin Business Council
Wisconsin tax ranking improves, but still work to be done
Wisconsin tax ranking improves, but still work to be done
By Brian Taffora
Wisconsin has never been known for its low tax burden. Even among those who didn’t believe Wisconsin was a “tax hell,” as some have called it, none have said that Wisconsin’s tax climate was ideal.
But a recent report prepared by Ernst and Young for the Council on State Taxation ranked Wisconsin’s state and local tax burden on businesses 30th in the country – significantly better than the national average.
In addition, an investigation by the Milwaukee Journal Sentinel found that while Wisconsin tends to rank poorly when only income and property taxes are considered, once various fees are taken into account – such as toll roads and vehicle registration – Wisconsin’s ranking falls close to the national average.
And a new Department of Revenue report shows that Wisconsin has made a great deal of progress over the past several years in reducing the tax burden on citizens and businesses.
The DOR report found that Wisconsin’s state and local tax rankings dropped to 15th per $1,000 of personal income and 21st per capita among the 50 states and the District of Columbia. That’s the best ranking for the state in nearly 50 years – since the 1961-62 fiscal year.
Wisconsin was also near the national average in terms of general revenue collected at 24th per $1,000 of income and 25th per capita – the lowest level for the state in the history of the U.S. Census Bureau data.
All of this new data adds up to good news for Wisconsin.
Because of the good work done by Governor Doyle and the leadership in the State Legislature – both Republican and Democratic – Wisconsin has fallen out of the top ten “worst taxed” states, and continues to fall. Since Wisconsin was ranked 16th in the 1961-62 fiscal year, the state has only been out of the top ten three times since. Once was in FY 1979-80, and the other two were in FY 2005-06 and FY 2006-07 – the two most recent fiscal years examined by the state Department of Revenue.
This isn’t exactly cause for celebration. No longer being among the top ten worst taxed states in the nation - while certainly an improvement – is not the goal we should set for ourselves. Clearly, more work needs to be done to further bring down the tax burden and make Wisconsin more competitive in attracting companies and highly skilled workers to our state.
But it’s also clear that we’re on the right track. Our state and local taxes – relative to the national average – have consistently fallen almost every year for the past decade, and that bodes well for the future competitiveness of our state. That is the direction we must continue.
We look forward to working with the Doyle Administration, the next administration, and leaders in the State Assembly and Senate to improve Wisconsin’s tax climate and grow new, well paying jobs in our state.
Brian Taffora is the Vice President of Government Relations & Operations for the Wisconsin Business Council.
For more information or to join, visit www.wibusiness.org.
April 13, 2010
Press Release, Wisconsin Business Council
WBC Statement on Revised Clean Energy Jobs Act
For Immediate Release
Tuesday, April 13, 2010
Contact: Brian Taffora
608-252-9245
Statement on Revised Clean Energy Jobs Act
MADISON – Philip Prange, President and CEO of the Wisconsin Business Council, issued this statement on Tuesday following the introduction of a new version of the Clean Energy Jobs Act:
“Today’s revised bill is a positive step towards passing legislation that puts Wisconsin in a better position to capitalize on the potential for new, green jobs while growing our state economy.
“While our organization still needs to review the full text of the legislation to determine its merits, we are cautiously optimistic that this new version of the bill addresses concerns over the cost of implementation for citizens and businesses alike.
“We’re pleased to see legislators continuing to work on a bill that has the potential to benefit all of Wisconsin.”
The Wisconsin Business Council is an organization that seeks to support Wisconsin’s economic climate and quality of life through collaboration, improved public policy, and private sector initiatives. For more information, please visit www.wibusiness.org.
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For more information or to join, visit www.wibusiness.org.
April 12, 2010
Press Release, Wisconsin Business Council
Wisconsin Sees Best Tax Ranking in Nearly 50 Years
For Immediate Release
Monday, April 12, 2010
Contact: Brian Taffora
608-252-9245
Wisconsin Sees Best Tax Ranking in Nearly 50 Years
State ranks 21st per capita nationwide; best since 1961
MADISON – The Wisconsin Business Council on Monday lauded a new report by the Wisconsin Department of Revenue that showed the state and local tax burden at its lowest level since 1961 in a ranking of all 50 states and the District of Columbia.
Wisconsin ranked 15th in state and local taxes per $1,000 of personal income and 21st per capita, the state’s lowest ranking since its general sales tax was adopted nearly 50 years ago.
“These rankings are great news for Wisconsin, and it shows we’re on the right track toward making our state more competitive in attracting the best businesses and people,” said Phillip Prange, President and CEO of the Wisconsin Business Council. “We’d like to congratulate the Governor, the current Democratic leadership, and the past Republican leadership on this achievement and thank them for their efforts.”
Another recent report, prepared by Ernst and Young for the Council on State Taxation, ranked the tax burden on Wisconsin’s state and local businesses 30th in the nation, meaning Wisconsin has a better tax environment for businesses than most of the country.
“We look forward to working with leaders from both parties to build on this success and help grow Wisconsin’s economy and create new jobs,” Prange said.
To view the complete report from the Department of Revenue, please click here: http://www.revenue.wi.gov/ra/10txrank.pdf. To view the full report for the Council on State Taxation, please click here: http://cst.informz.net/z/cjUucD9taT03MzA4NDcmcD0xJnU9MCZsaT0yNzg3MDUx/index.html.
The Wisconsin Business Council is an organization that seeks to support Wisconsin’s economic climate and quality of life through collaboration, improved public policy, and private sector initiatives. For more information, please visit www.wibusiness.org.
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For more information or to join, visit www.wibusiness.org.
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