{"id":2691,"date":"2023-04-28T19:12:37","date_gmt":"2023-04-28T19:12:37","guid":{"rendered":"https:\/\/wifamily.news\/?p=2691"},"modified":"2023-05-08T19:18:33","modified_gmt":"2023-05-08T19:18:33","slug":"wmc-testifies-on-flat-tax-proposal","status":"publish","type":"post","link":"https:\/\/wifamily.news\/?p=2691","title":{"rendered":"WMC Testifies on Flat-Tax Proposal"},"content":{"rendered":"<p>This post originally appeared at <a href=\"https:\/\/www.wmc.org\/issues\/taxes-spending\/wmc-testifies-on-flat-tax-proposal\/\">https:\/\/www.wmc.org\/issues\/taxes-spending\/wmc-testifies-on-flat-tax-proposal\/<\/a><\/p>\n<p>WMC testified at hearings in both the Senate and Assembly on cutting income taxes in Wisconsin. Wisconsin currently has the 8th highest top marginal tax rate for pass-through businesses and is second only to Minnesota in the Midwest. Senate Bill (SB) 1, authored by Republican Majority Leader Devin LeMahieu (R-Oostberg) would establish a flat 3.25% individual income tax rate over a four-year period. WMC testified on this bill in the Senate Universities &amp; Revenue Committee and on the impact of tax policy on Wisconsin business in the Assembly Committee on Ways &amp; Means.<\/p>\n<p>WMC supports SB 1 and other proposals to make Wisconsin\u2019s tax climate more competitive in order to retain and attract workers and businesses, and boost the state\u2019s economy. Data show that individuals move to low- and no-tax states. In 2022, the states that saw the most population growth were low-tax states. <span style=\"text-decoration: underline\"><a href=\"https:\/\/www.wmc.org\/wisconsin-employer-survey\/\" target=\"_blank\" rel=\"noopener\">WMC\u2019s Winter 2023 Survey<\/a><\/span> asked \u201cWhat is the one thing state government could do to improve Wisconsin\u2019s business climate?\u201d Thirty-four percent of respondents said \u201creduce taxes,\u201d making it the top policy objective by a 2:1 margin over the second highest policy option.<\/p>\n<p><span style=\"text-decoration: underline\"><a href=\"https:\/\/media.wmc.org\/wp-content\/uploads\/2023\/04\/28082319\/Testimony_SB-1_LeMahieu-Flat-Tax_2023.04.25.pdf\" target=\"_blank\" rel=\"noopener\">Click here to read WMC\u2019s testimony on SB 1.<\/a><\/span><\/p>\n<p><span style=\"text-decoration: underline\"><a href=\"https:\/\/media.wmc.org\/wp-content\/uploads\/2023\/04\/28082318\/Testimony_ASM-Infor-Hearing-Tax-Reform_2023.04.26.pdf\" target=\"_blank\" rel=\"noopener\">Click here to read WMC\u2019s Assembly testimony.<\/a><\/span><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.wmc.org\/issues\/taxes-spending\/wmc-testifies-on-flat-tax-proposal\/\">WMC Testifies on Flat-Tax Proposal<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.wmc.org\">WMC Wisconsin&#8217;s Chamber <\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post originally appeared at https:\/\/www.wmc.org\/issues\/taxes-spending\/wmc-testifies-on-flat-tax-proposal\/ WMC testified at hearings in both the Senate and&#8230;<\/p>\n","protected":false},"author":13,"featured_media":440,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-2691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wmc"],"_links":{"self":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/2691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2691"}],"version-history":[{"count":1,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/2691\/revisions"}],"predecessor-version":[{"id":2692,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/posts\/2691\/revisions\/2692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=\/wp\/v2\/media\/440"}],"wp:attachment":[{"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wifamily.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}