Madison Office: 122 South, State Capitol  Phone: (608) 266-7745  E-mail: Sen.Harsdorf@legis.wi.gov

What’s New in the Senate Democratic Budget?

A huge new tax increase on capital gains was added by Senate Democrats. Wisconsin investors will now pay $485 million more in capital gains taxes under their budget bill. Capital gains for retirees, small businesses, and other investors would now be fully taxed under the Senate budget proposal.