A broad range of Wisconsin organizations sent a letter to state senators today in opposition to the resolution (AJR 81) calling for a Constitutional Convention on a balanced budget amendment. The letter raises substantive concerns about putting a balanced budget amendment into the U.S. Constitution and procedural concerns about the risks of holding a convention to amend the Constitution for the first time in over 225 years. It cites the trepidations expressed by Constitutional experts regarding the unpredictability of what might emerge from a Constitutional amendments convention.
Insights from a New Survey and the “Epic” Growth in Dane County
In recent years, many policymakers have set their sights on trying to attract entrepreneurs and new start-ups to their communities and states. In some cases they have used that goal to justify tax cuts, which some lawmakers think will be an inducement for innovative entrepreneurs. Scott Walker is among the Governors who are seeking to promote development of new businesses and employing tax cuts as a tactic to pursue that goal.
A constitutional amendment that would make tax reform more difficult, could deepen recessions, and potentially make it more expensive for the state to invest in building projects is making its way through the Wisconsin legislature.
When it comes to the Wisconsin tax code, the Homestead Tax Credit, which provides property tax relief to owners and renters with low incomes, is the odd man out. That’s because the Homestead Credit is the only significant portion of the tax code that is not adjusted to keep up with the rising cost of living. The consequence is that Wisconsin residents with low incomes see their property tax relief shrink a little more each year.
In Contrast to WI, Higher Minimum Wage Has Broad Bipartisan Support in West Virginia
State and local policymakers in many parts of the country are coming to the conclusion that too many workers get paid too little, and they are pushing for higher wage standards for workers. Yet in Wisconsin an Assembly Committee moved with great speed last week to advance legislation blocking county or municipal ordinances that set a minimum wage for contractors doing work financed in part with state or federal dollars.