Two state tax credits help those who least need help

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A state budget will be passed one of these days, and it’ll include some of the same sleights of hand that reward those who need it least. Give some credit to the politicians who pull this off, lining the pockets of the rich while claiming to help average Janes and Joes. > Cap Times

‘Dark store’ loophole a big problem for taxpayers

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The “dark store” loophole refers to big box stores successfully arguing that their properties be assessed as vacant or abandoned buildings and excluding the value of the business on the property. Such victories will have dire consequences for Wisconsin municipalities as they allow retailers to push a significant tax burden onto small businesses and homeowners. > Cap Times

Critics ask: What’s the financial fallout if Foxconn fails to live up to ‘the hype’?

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Since the announcement that Foxconn will build a factory in Wisconsin, the news has been full of numbers: the potential number of jobs created, the billions Foxconn will invest and the billions in tax incentives. Critics want to know which estimates will become real, as well as what happens if the numbers fall flat. > Cap Times

Is Wisconsin offering to pay more than it will collect in taxes to land Foxconn? Politifact checks the numbers.

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It’s been reported that Wisconsin taxpayers would pay up to $250 million a year to get the Foxconn manufacturing plant, but get back only $181 million a year in tax revenue. PolitiFact Wisconsin digs into the numbers and finds the claim is half-true, which is also half-false.

NY Times: ‘Wisconsin’s lavish lure for Foxconn’

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Foxconn’s plan for a $10 billion factory in Wisconsin is certainly good news for President Trump, Gov. Walker and Speaker PaulRyan, whose district the plant would call home. But the deal comes with a heavy price tag for Wisconsin taxpayers: $3 billion in tax credits that dwarf the typical incentive companies receive from local governments. > New York Times

Republican lawmakers want to change the way Wisconsin taxes its residents

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Within the state Legislature — with its largest Republican majority in decades — momentum is growing behind what could amount to significant changes to the way Wisconsin taxes its residents, including an effort to move the state toward a flat income tax and a proposal to eliminate the personal property tax. > The Cap Times

PolitiFact: Walker’s claims ‘mostly false’ about holding the tax line while Milwaukee Co. executive

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Scott Walker still touts his record as Milwaukee County executive, including saying in June: “Eight years in a row we pushed through budgets that did not increase the tax levy from the previous year.” PolitiFact Wisconsin dissects what’s true and what isn’t.