Taxes/Spending in Wisconsin
Issue Overview: While all citizens must pay their fair share of the cost of government, excessive taxation stifles the economic activity necessary to producing the revenue needed for government to function. Wisconsin needs to reduce the tax burden and enact strict controls on spending at all levels of government.
- Sales Tax Expansion: Proposals that include extending the sales tax to currently exempt services will cause significant increases in tax burden on Wisconsin's small business owners. A budget fix that targets small business owners for higher taxes, and plans that raise revenue by shifting the tax burden is opposed by NFIB.
- Personal Property Taxes: Many surrounding states have already eliminated taxes on personal property, yet Wisconsin continues this highly inefficient and unfair tax which is especially burdensome for smaller businesses. While some progress has been made with the elimination of the tax on selected items, NFIB supports eliminating the personal property tax entirely.
- Spending: The level of taxation is a function of spending by state and local governments. That's why strict controls on spending are necessary to reduce overall taxation levels. NFIB supports a super majority vote requirement to increase taxes or broaden the application of the sales tax to currently exempted products and services.
