For tax purposes, Wisconsin should treat profits from investments the same as income from work. Currently, Wisconsin gives preferential treatment to profits from investments, which results in tax breaks for the best off. Most other states treat profits from investment the same as income from work.
Our Take: The Wisconsin 2023-25 Biennial Budget
We appreciate Governor Evers being a stop gap for some of the most egregious proposals from the Republican-controlled Joint Finance Committee (JFC). But, if we want to actually address Wisconsin’s racial disparities, we have a lot more work to do.