Report Details Impact of Tax Cuts
A new report suggests lawmakers should think carefully before pursuing additional tax cuts, with new deductions and credits taking effect this year already positioned to remove extra revenue from the state.
The study by the Wisconsin Budget Project examined nine new or expanded tax cuts that will impact Wisconsin taxpayers in 2013. Researcher Tamarine Cornelius says their combined effect will be about $262 million in lost revenue for the state through the 2015 budget.
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