Repeal the 2009 increase in capital gains taxes
In a conference call Monday (Nov. 2, 2009) with reporters, Walker said his first budget would undo tax increases approved this year by the Legislature. This year's state budget included increases in business taxes; the capital gains tax; and the income tax for the wealthiest residents. Walker said he would do away with those increases.
Cut small-business taxes
Will cut taxes for small business. "In the first special session I call, I would seek tax cuts for small businesses with 50 employees or less."
Repeal the "combined reporting" business tax approved in 2009
In a conference call Monday with reporters, Walker said his first budget would undo tax increases approved this year by the Legislature. This year's state budget included increases in business taxes; the capital gains tax; and the income tax for the wealthiest residents. Walker said he would do away with those increases.
Shift sales tax money into road building fund
Will shift some of the sales tax collected on vehicle sales to the transportation fund, beefing up that account. "We need to diversify our funding," Walker said. Currently, sales tax money is used for general state operations.
Create A-to-F grading scale for school quality
Will create A-to-F grading scale for school quality. "Schools should be graded just like students on a scale of A to F. Grades awarded under this rating system will be based on objective criteria such as graduation rates, passing rates, enrollment in Advanced Placement courses, standardized test scores, and teacher and administrator evaluations. Schools that fail for three consecutive years must select an alternate model."
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