Blog Posts by Jon Peacock

Budget Bill Boosts Property Taxes for Thousands of Low-income Households

September 14, 2017
Despite the claims of state lawmakers that the biennial budget bill cuts property taxes, the actions of those policymakers will increase property taxes for thousands of low-income Wisconsin households. The budget bill does that by significantly reducing funding for the Homestead Tax Credit, which was designed to provide targeted property tax relief to low-income homeowners and renters. A new Wisconsin Budget Project summary of tax changes in the budget bill describes some of the major items, which include more than $400 million of tax cuts. But the bill cuts funding and eligibility for the Homestead Credit, and the Joint Finance Committee (JFC) rejected the Governor’s proposal to increase the state’s Earned Income Tax Credit.

New Census Data Show Continued Gains from the ACA

September 12, 2017

Insurance Coverage Also Improves in Wisconsin, but More Slowly than in Medicaid Expansion States

The number of Wisconsinites who do not have health insurance fell sharply during the first three years of implementation of the Affordable Care Act (ACA), according … Read more

Speaker Ryan Would Exacerbate a Problem that He Says Is a Concern

August 31, 2017
Several important public benefit programs provide strong incentives to work, but you wouldn’t know that when you listen to Speaker Paul Ryan talk about those programs. He has been using half-truths to create a very distorted impression of public benefits, as he seeks to advance an agenda that would further shift federal tax and budget policy in favor of the very wealthy, at the expense of low-income households.

The Significant Risk of Never Breaking Even on Foxconn Subsidies

August 16, 2017

When the Legislative Fiscal Bureau wrote last week that it would take until at least 2043 for Wisconsin to break even on the Foxconn subsidies, they were summarizing a Department of Administration analysis that used the “best case” assumptions. … Read more

Foxconn Deal Keeps Looking Worse

August 9, 2017

The massive subsides for Foxconn proposed by the Governor keep looking worse as we learn more. The most recent sobering information came this week when the Legislative Fiscal Bureau (LFB) issued a new analysis of the proposed subsidies. The figures … Read more

Reviewing the Foxconn Costs and Risks (without the Rose-colored Glasses)

August 2, 2017

Different Assumptions about Foxconn Job Creation Yield Much Higher Estimates of the Cost of Jobs

The cost of the proposed new tax credits for the tentative deal with Foxconn could be far larger per job created than some people have … Read more

ACA Repeal “Fixes” Continue to Shortchange Wisconsin

July 24, 2017

The legislation to repeal and replace the Affordable Care Act (ACA) can’t be fixed, but Senator McConnell and President Trump are still trying to revive it. McConnell plans to have a vote on July 25 on a procedural measure to … Read more

Trump Tax Plan Primarily Benefits the Richest Americans

July 20, 2017

Trump’s Tax Proposals Would Give Richest 1 Percent of Wisconsin Taxpayers an Average $117,000 Tax Cut, and More than Half of the Total Cuts

The federal tax reform plan outlined by President Trump in April would fail to deliver on … Read more

Repeal without Replacing: A Health Care Disaster

July 18, 2017

A month or two ago, President Trump described the House plan to repeal and replace the Affordable Care Act (ACA) as being “mean,” and he was right. Yet today he endorsed a far meaner approach – repealing the ACA without … Read more

Wisconsin Bill Does Little to Protect People with Preexisting Conditions

June 26, 2017

Bill Passed by Assembly Fails to Close a Huge Loophole Proposed by Republicans in Congress

One of the many problems with the bill to repeal and partially replace the Affordable Care Act (ACA) is that it would seriously erode the … Read more