Blog Posts by Tamarine Cornelius
Income inequality in Wisconsin is widening, according to a new report by the Center on Wisconsin Strategy (COWS) and the Wisconsin Budget Project. The top 1% of earners in Wisconsin have experienced tremendous gains in average income in recent … Read more
In their eagerness to provide tax cuts, state lawmakers have pushed aside a law aimed at encouraging fiscal responsibility that requires half of state surplus revenue be set aside for a rainy day.
When the budget surplus of nearly $1 … Read more
Odd Man Out: Unlike the Rest of the Tax Code, Homestead Tax Credit is Not Adjusted for Rising Cost of Living
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 … Read more
Congress has failed to extend federal emergency jobless benefits, harming tens of thousands of jobless workers in Wisconsin and the businesses that depend on them as customers. Since federal benefits were abruptly cut off at the end of 2013, 35,000 jobless workers in Wisconsin have been cut off or denied access to federal unemployment benefits so far.
Tiny Piece of Projected Surplus Could Mitigate Recent Tax Increases on Families and Seniors with Low Incomes
Many of Wisconsin’s most vulnerable families and elderly adults would not get much help from the Governor’s plan for the projected state surplus. That could change if the Legislature were to use a small fraction of the surplus to undo recent cuts to the Homestead Credit and Earned Income Tax Credit.
The tax cut package proposed by Governor Walker is expected to easily pass the Assembly, but some Republican senators are expressing hesitation at approving legislation that digs a deep hole in the next budget.
The tax package sailed through an … Read more
Raising the minimum wage, a move that has extensive support among Wisconsin residents, would have widespread benefits in the state and would give a raise to one out of five Wisconsin workers.