Wednesday, November 26th, 2014

Promises about Taxes on Walk-O-Meter

Eliminate state tax on Health Savings Accounts

Will "call on the legislature to eliminate the tax on Health Savings Accounts, taking effect immediately." This would be part of the special "economic emergency" session of the Legislature.

Lower taxes on business investment capital for new firms and expansions

Will lower taxes on business investment capital for new firms and expansions. "We must lower the tax burden for all individuals and job creators. Specifically, we can lower the tax on early stage and investment capital to make it more accessible to Wisconsin employers that want to stay in Wisconsin and expand while also luring start-ups to our state."

Oppose and veto all tax increases

Will "oppose and veto any and all efforts to increase taxes."

Create relocation tax credit for businesses moving to Wisconsin

Will create a relocation tax credit for businesses moving to Wisconsin. "For businesses that move to Wisconsin that are not subject to the corporate income tax, my proposal provides a relocation tax credit up to 50% of moving costs. This tax credit is deferrable for up to 10 years, providing new businesses plenty of time to establish roots and grow their workforce."

Lower the income tax

Will lower the income tax. "I want to lower the tax on employers, lower the tax on income, freeze property taxes and phase out retirement income taxes. States that have a lower tax burden have more jobs and better budgets, and its time Wisconsin was a better state to do business.”

Reduce taxes on employers

 "I want to lower the tax on employers, lower the tax on income, freeze property taxes and phase out retirement income taxes. States that have a lower tax burden have more jobs and better budgets, and its time Wisconsin was a better state to do business.”

Cut manufacturing 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 and implement cuts in manufacturing taxes, estate taxes and retirement taxes.

Repeal 2009 income tax increase on wealthiest taxpayers

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.

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.

Freeze property taxes

“I want to lower the tax on employers, lower the tax on income, freeze property taxes and phase out retirement income taxes. States that have a lower tax burden have more jobs and better budgets, and its time Wisconsin was a better state to do business.”

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.

Review all tax policy to lighten burden on farmers

Will "conduct a comprehensive review of all tax policy that impacts farmers, eliminate tax barriers to production, and rein in government spending so that farmers can invest in their operations instead of sending more money to the state treasury."

Suspend taxes for two years on businesses that relocate here

Will “work to make Wisconsin a highly attractive place to start a business by eliminating corporate taxes for the first two years of operation.“