Wisconsin has fewer public employees for our population than most other states have, according to new figures from the U.S. Census Bureau. Wisconsin’s lean public sector is not a recent development; public employment in Wisconsin has been at lower levels than the national average for at least the last two decades.
Unemployment of Six Months or More Climbs by 203,000 in February
The new employment numbers released Friday provide further evidence of the need to restore the federal Emergency Unemployment Compensation (EUC) program for the long-term unemployed. Although there was a little bit of positive news relating to total employment levels, the new data illustrate that the modest job growth has not eased the crisis facing the long-term unemployed. For example:
The FY 2015 budget proposal unveiled by the President this week addresses an issue that many politicians, researchers and commentators across the political spectrum have recently been talking about – providing assistance to low-income working adults who don’t have dependent children. We were very pleased to see the part of his budget that would help that long-overlooked population by making more “childless” workers eligible for the federal Earned Income Tax Credit (EITC) and increasing th
State lawmakers seem intent on passing the property and income tax cut package proposed by Governor Walker. So far the proposal has passed the Assembly, has been approved with minor changes by the legislature’s budget panel, and was approved by the Senate today. The proposal will need to head back to the Assembly for final approval before being signed by Governor Walker.
EITC Cut Takes a Large Toll on Low-income Families
A recently released national report found that the city of Milwaukee had the 6th largest increase in income inequality among the 50 largest U.S. cities. That finding is particularly troublesome when considered in the context of the substantial increase in income inequality across the nation, which we wrote about in last Friday’s blog post.
This week, on the same day that GOP legislators in Congress were unveiling a plan to sharply reduce federal income taxes for corporations, a DC-based think tank released a comprehensive study showing that many highly profitable Fortune 500 companies pay little or no federal corporate income tax. In fact, the analysis of five years of tax data during the period 2008 and 2012 from 288 profitable Fortune 500 companies finds that 26 paid no federal corporate income tax over that five-year period, and one-third paid a U.S.