The Senate Democrats’ budget is an all-out assault on Wisconsin’s families and small businesses.
The Senate Democrats raise taxes by over $3 billion on Wisconsin families and retain the Governor’s job killing tax increases.
The Senate Democratic budget is a business killer, a job killer and reverses the progress Wisconsin’s economy has made recently.
Wisconsin’s economy is currently growing at the paltry rate of 1.8 percent. Rather than encouraging an increase in our growth rate, Senate Democrats want to slow it down by proposing a budget that expands state government at a rate of 4.5 percent per year.
Taxpayers simply cannot afford this out of control spending.
Included in the Senate Democrat plan to kill Wisconsin’s economy is the largest tax increase in state history which is designed to fund a universal health care proposal. An independent study commissioned by the special interests that are backing this universal health plan says that the Senate Democrats have under-funded their own plan, despite imposing the largest tax increase in state history on taxpayers.
In addition to doubling our taxes with their universal health care plan, the Senate Democrats:
- Eliminate the angel investment tax credit expansion, a successful program that was helping to keep Wisconsin investment dollars in Wisconsin.
- Bring back the combined reporting system which imposes a $130 million tax on businesses in our state, slowing down or reversing economic growth in Wisconsin.
- Eliminate the expansion of the Zoo Interchange in southeast Wisconsin, making it impossible for southeast Wisconsin businesses to expand operations and reducing any incentive that an outside or start up business might have to locate in southeast Wisconsin.
The Senate Democratic budget is a failure. People in Wisconsin are asking for lower taxes, smaller state government and more economic growth, but this budget provides the exact opposite on all three counts. Hopefully, the Senate Democrats will stop placating special interests and call off their assault on businesses and families in Wisconsin.
State Sen. Ted Kanavas (R-Brookfield) represents the 33rd District in the Wisconsin State Senate.
