Policymakers should advance reforms that prioritize GSP, personal income growth Wisconsin Losing Ground to Tax-Friendly Peers May 31, 2022 | By Katherine Loughead Over the past decade, the state tax landscape has grown increasingly competitive as policymakers have sought to attract investment and promote economic opportunity and growth in their states. The past two years in particular have seen an extraordinary increase in tax reform efforts, given states’ strong revenue growth despite the pandemic and policymakers’ desire to make their states more attractive to an increasingly mobile workforce. Most of the focus of these reform efforts has been on reducing state income tax rates, as corporate and individual income taxes are widely regarded by economists as more economically harmful than taxes on consumption and real property. Furthermore, states with low or no income taxes have seen significantly stronger gross state product growth and net inbound migration over the past decade than their higher income tax peers, and high-tax states are increasingly taking notice. That’s why, in Wisconsin, comprehensive tax reform that prioritizes gross state product growth and personal income growth ought to be a top priority for policymakers, especially given the recent reforms made by many of Wisconsin’s regional and national peers. Read the Full Report Share This Email Share This Email Share This Email Invest in the Badger Institute For 35 years, the Badger Institute, formerly known as the Wisconsin Policy Research Institute (WPRI), has been at the forefront of the fight for school choice, right to work, welfare reform, tax restructuring, limited government, civil society and so much more. If you appreciate the Institute’s legacy and want to support free markets, opportunity and prosperity, please consider donating $35, $350 or $3,500 today. Your support will help the Institute continue to advocate for conservative principles for the next 35 years – and beyond! The Institute never has, and never will, accept government funding. We gratefully welcome your online donation or email Angela Smith, Vice President of Development. The Badger Institute is a 501(c)(3) tax-exempt nonprofit organization. Support Freedom Let the experts at the Badger Institute bring a policy talk on topics such as student loan forgiveness, unemployment compensation, school choice and more to your local group or meeting. If you’re interested in a presentation or a speaker, contact Michael Jahr, Vice President of Communications, at [email protected]. Request a Speaker Badger Institute | 700 W Virginia St, Suite 301, Milwaukee, WI 53204 www.badgerinstitute.org Unsubscribe [email protected] Update Profile | Constant Contact Data Notice Sent by [email protected] in collaboration with Try email marketing for free today!