Foolish Tax Cutting Proposed by Wisconsin Gubernatorial Candidate

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Wisconsin Republican gubernatorial candidate, Scott Walker, is in favor of repealing Wisconsin’s corporate income tax.  The state’s current corporate income tax brings in over $1.5 billion every two years to the state’s coffers. Walker says that eliminating this tax will boost the state’s economy. This seems an especially foolish position given the state’s budget shortfall, which according to the Wisconsin Budget Project totals about $3 billion.  Democrat Tom Barrett has sensibly pointed out that eliminating this revenue source will mean that the state won’t be able to provide as many services and ultimately this policy change will shift taxes onto the backs of middle class families.

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