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The Legislative Fiscal Bureau announced that the state will collect $4.4 billion more than the January estimates, with a projected ending balance of $5.8 billion by the end of the 2021-23 budget cycle. There was a 5.8% increase on collections for individual income tax, an 8.4% increase in general sales tax, and a whopping 45% increase in corporate income tax. The concept of reducing taxes to generate more income is clearly showing results. This unprecedented increase in revenue is not a one-time event, but something we have seen over multiple years due to the policies enacted by republican leadership.
Immediately after this announcement, Governor Evers and the democrat contingency talked about spending the surplus and creating a higher tax burden on Wisconsin families and businesses. If we allow Governor Evers to spend this money now, he will want to spend even more in the future. The revenues generated are a once-in-a-lifetime chance to permanently eliminate taxes, such as the personal property tax, and create a legacy of continued growth and opportunity for everyone. Wisconsin is one of a few states that taxes businesses on equipment purchases at the time of sale and then again at the end of the year. This personal property tax is a huge burden on business owners, and removing it would align Wisconsin businesses with our neighboring states. Going forward, I will continue to support long-term tax reductions to provide a lower tax burden for future generations.
I-94 Project
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The lane expansion of I-94 between the Marquette and Zoo interchanges has been an on-again, off-again project since I arrived in the legislature in 2015. Business groups from the Milwaukee area have voiced their support for this highway expansion. They declare that the easy-on, easy-off highway access is a main consideration when contemplating investing in new business or expanding existing businesses in this area. This highway is clearly in need of renovation, and the improvements will bring Milwaukee’s transportation system into the 21st century. The Joint Finance Committee approved the transportation portion of their budget, and if passed by Evers, construction will begin in a few years.
Second Amendment Sanctuary State
At the forefront of American liberty is the Second Amendment. It is one of the provisions in our constitution that separates us from the rest of the world. We have an obligation to ensure that future Americans have the ability to defend themselves against a tyrannical government.
The federal government has been trying to interfere with our gun rights by forming gun registries, banning assault weapon manufacturing, limiting the number of guns one can own, ending online sales of guns, and more. Yesterday, we passed AB 293 and I was honored to vote yes on a bill that not only protects our Second Amendment rights, but also protects ammunition and firearms that are manufactured here in Wisconsin. The bill effectively protects Wisconsin from any undue encroachment on our Second Amendment rights.
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Representative Janel Brandtjen
State Capitol, Room 12 West
PO Box 8952
Madison, WI 53708
Toll-Free (888) 534-0022 or (608) 267-2367
Rep.Brandtjen@legis.wi.gov | |
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