The state budget and the taxes that help finance it have a huge impact on children and families. The budget provides most of the funding for vital government services, such as education, health care, transportation, child welfare and other safety net programs.
For more detailed analysis, visit the Wisconsin Budget Project website.
Undocumented immigrants have played a part in depositing over a hundred million dollars in Wisconsin’s Unemployment Insurance trust fund over the past decade, yet the federal government excludes them from collecting unemployment benefits paid for from the fund. This exclusion is part of a larger pattern in which workers who are...
The recently developed federal stimulus package known as the CARES Act put in place an unprecedented amount of financial support for many workers who filed taxes in the United States. One component of the benefit is a $1,200 payment that goes to many adult federal tax filers. However, some groups have been excluded from this stimulus...
The COVID-19 pandemic is creating severe economic hardship for many Wisconsinites, and especially for those who were already furthest from opportunity. It has helped reveal the stark disparities in our nation, particularly for people of color, because it has amplified the disparities and has given them potentially fatal consequences. To...
Wisconsin legislators are considering a bill that would double a capital gains tax break approved two years ago, which was intended to encourage very wealthy people to invest in “distressed” areas. Although that strategy for incentivizing investments in “Opportunity Zones” was well intended, commentators across the political spectrum...
As the 2020 legislative session winds down, the Wisconsin Legislature is rushing to pass a bill this week (SB 440)/AB 532) that would double a current state tax break for very wealthy investors who reinvest money in “Opportunity Zones.” A new issue brief by the Wisconsin Budget Project explains why the existing tax breaks for the rich...
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