Joint Finance approves Evers deal as part of final budget action

The Joint Finance Committee wrapped up its work on an $111.1 billion budget today by approving a package that includes $1.4 billion in new state money to cover Medicaid costs, a series of transportation-related fee increases and the eventual closure of Green Bay’s prison. A significant portion of the package reflects the deal that Dem Gov. Tony Evers struck with GOP legislative leaders on education, child care and pieces of the Department of Transportation budget.

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Ron Johnson: Close the SALT ‘loophole’? Not on my watch

A legitimate concern is how some professionals are using their pass-through entities to turn what should be salary or wage income into pass-through income to obtain the SALT and 20% deductions. That could easily be resolved without the new provisions in both the House and Senate bills that make other pass-throughs less competitive with C-Corps.

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Joint Finance approves Evers deal as part of final budget action

The Joint Finance Committee wrapped up its work on an $111.1 billion budget today by approving a package that includes $1.4 billion in new state money to cover Medicaid costs, a series of transportation-related fee increases and the eventual closure of Green Bay’s prison. A significant portion of the package reflects the deal that Dem Gov. Tony Evers struck with GOP legislative leaders on education, child care and pieces of the Department of Transportation budget.

Read More »

Ron Johnson: Close the SALT ‘loophole’? Not on my watch

A legitimate concern is how some professionals are using their pass-through entities to turn what should be salary or wage income into pass-through income to obtain the SALT and 20% deductions. That could easily be resolved without the new provisions in both the House and Senate bills that make other pass-throughs less competitive with C-Corps.

Read More »