Institute for Reforming Government: Tax Reform Coalition: Eliminate state income tax for massive middle class and small business tax relief
Madison, Wis. — Today, a coalition of statewide and national reform groups applauded a new academic study released by UW Madison Professor of Economics Noah Williams on how Wisconsin could jumpstart its economy by eliminating the personal income tax, resulting in a massive middle class and small business tax cut. The study, “Fundamental State Tax Reform: Eliminating the Income Tax in Wisconsin,” details the positive economic impact that would occur in the state if lawmakers completely eliminated the state’s personal income tax and replaced a substantial portion of the revenue with a 3 percent bump in the state sales tax. According to the