PHOENIX, AZ – Amy Loudenbeck, Wisconsin State Director for Citizens for Free Enterprise Action, sent a letter to Governor Tony Evers today urging him to sign Assembly Bill 461 and Senate Bill 36, which would eliminate state taxes on overtime pay and tips, respectively:
“Wisconsin families deserve to keep more of what they earn,” said Citizens for Free Enterprise Wisconsin State Director Amy Loudenbeck. “Plain and simple, that is what these bills will do. Allowing working Wisconsinites to keep more of their hard-earned money needs to be a top priority, and eliminating taxes on overtime and tips is a necessary first step.”
The letter can be viewed in its entirety here. Below are a few excerpts from CFFEA analysis on AB 461.
The non-partisan Tax Foundation ranks Wisconsin number 21 overall on its State Tax Competitiveness Index. However, this rank is boosted by more favorable sales and property taxes. On income taxes, Wisconsin ranks only 34, well below nearby states like Michigan, Iowa and even Illinois.
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The state’s tax surplus alone is evidence that Wisconsinites are overburdened by the taxes they pay, and this legislation will return $176 million back to workers this year alone and $150 million per year going forward. AB 461 will move the state a step in the right direction and make it slightly more competitive with its neighbors.
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In fact, in its testimony in support of the bill Wisconsin Manufactures & Commerce, which represents approximately 3,800 companies in the state, called this “a common sense policy that strengthens Wisconsin’s economy and supports workers,” and noted that Wisconsin needs this policy to remain competitive.
