DAILY WISCONSIN

From $384 million to $0?

Tomorrow’s [2.3.16] Assembly Ways and Means Committee meeting had an interesting last-minute addition to it, and it involves a huge business tax giveaway that you may have thought was dead.

You may remember me referencing this “economic substance” bill when they tried to jam it through a public hearing last month. At the time, the Wisconsin Department of Revenue estimated that it would cost the state up to $384 million a year, which is certainly not anything that can be done when there’s only $64 million of breathing room in the budget over the next 17 months. The bill seemed to be put underground after that.

Well, it’s BAAAACK!

Via Jake’s Economic TA Funhouse: $384 million tax cut now “clarified” to $0?

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