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Promises about Taxes on Walk-O-Meter
Eliminate state tax on Health Savings Accounts
Will "call on the legislature to eliminate the tax on Health Savings Accounts, taking effect immediately." This would be part of the special "economic emergency" session of the Legislature.
Lower taxes on business investment capital for new firms and expansions
Will lower taxes on business investment capital for new firms and expansions. "We must lower the tax burden for all individuals and job creators. Specifically, we can lower the tax on early stage and investment capital to make it more accessible to Wisconsin employers that want to stay in Wisconsin and expand while also luring start-ups to our state."
Create relocation tax credit for businesses moving to Wisconsin
Will create a relocation tax credit for businesses moving to Wisconsin. "For businesses that move to Wisconsin that are not subject to the corporate income tax, my proposal provides a relocation tax credit up to 50% of moving costs. This tax credit is deferrable for up to 10 years, providing new businesses plenty of time to establish roots and grow their workforce."
Lower the income tax
Will lower the income tax. "I want to lower the tax on employers, lower the tax on income, freeze property taxes and phase out retirement income taxes. States that have a lower tax burden have more jobs and better budgets, and its time Wisconsin was a better state to do business.”
Reduce taxes on employers
"I want to lower the tax on employers, lower the tax on income, freeze property taxes and phase out retirement income taxes. States that have a lower tax burden have more jobs and better budgets, and its time Wisconsin was a better state to do business.”
Cut manufacturing taxes
In a conference call Monday (Nov. 2, 2009) with reporters, Walker said his first budget would undo tax increases approved this year by the Legislature and implement cuts in manufacturing taxes, estate taxes and retirement taxes.
Repeal 2009 income tax increase on wealthiest taxpayers
In a conference call Monday (Nov. 2, 2009) with reporters, Walker said his first budget would undo tax increases approved this year by the Legislature. This year's state budget included increases in business taxes; the capital gains tax; and the income tax for the wealthiest residents. Walker said he would do away with those increases.
Repeal the 2009 increase in capital gains taxes
In a conference call Monday (Nov. 2, 2009) with reporters, Walker said his first budget would undo tax increases approved this year by the Legislature. This year's state budget included increases in business taxes; the capital gains tax; and the income tax for the wealthiest residents. Walker said he would do away with those increases.
Cut small-business taxes
Will cut taxes for small business. "In the first special session I call, I would seek tax cuts for small businesses with 50 employees or less."
Repeal the "combined reporting" business tax approved in 2009
In a conference call Monday with reporters, Walker said his first budget would undo tax increases approved this year by the Legislature. This year's state budget included increases in business taxes; the capital gains tax; and the income tax for the wealthiest residents. Walker said he would do away with those increases.
Freeze property taxes
“I want to lower the tax on employers, lower the tax on income, freeze property taxes and phase out retirement income taxes. States that have a lower tax burden have more jobs and better budgets, and its time Wisconsin was a better state to do business.”
Shift sales tax money into road building fund
Will shift some of the sales tax collected on vehicle sales to the transportation fund, beefing up that account. "We need to diversify our funding," Walker said. Currently, sales tax money is used for general state operations.
Review all tax policy to lighten burden on farmers
Will "conduct a comprehensive review of all tax policy that impacts farmers, eliminate tax barriers to production, and rein in government spending so that farmers can invest in their operations instead of sending more money to the state treasury."
Suspend taxes for two years on businesses that relocate here
Will “work to make Wisconsin a highly attractive place to start a business by eliminating corporate taxes for the first two years of operation.“
Cut property taxes so that the levy on a typical home in 2018 is lower than it was in 2010
Governor Walker commits to property taxes on the typical homeowner in Wisconsin being lower in 2018, at the end of his second term than they were in 2010, the start of his first term.
Continue to reduce the tax burden on working families and seniors every year he is in office
Continue to reduce the tax burden on working families and seniors every year he is in office.
Freeze UW System tuition at least two more years
Governor Walker will freeze UW System tuition for at a minimum two years in addition to the two years already frozen for a total four-year tuition freeze
Freeze technical college tuition for two years
In his second term plan called Continuing Wisconsin’s Comeback, Governor Walker outlines his strategy to help people “Learn More to Earn More.” This includes an additional two-year tuition freeze for the UW System, as well as a two-year freeze for Wisconsin’s technical college system.