Featured: Wisconsinites will likely see a tax cut this year. Whose will go down the most?

Feb 6, 2023 | In The News

The following article featuring Chris Read originally ran in the Wisconsin State Journal on February 6, 2023. 

Facing a projected surplus of more than $7 billion this year, lawmakers on both sides of the aisle say one thing Wisconsinites can count on in upcoming budget negotiations is a cut in their income taxes.

Chris Reader, executive vice president of the conservative Institute for Reforming Government and a proponent of either eliminating or flattening the state’s income tax, said such a “transformational tax change” would make Wisconsin “a magnet in the Midwest” and predicted tax revenue lost under the shift would likely be made up through increased economic development.

“It would be easier for a family or for a small-business owner or entrepreneur to decide to move here from Illinois or one of our other neighbors,” Reader said. “That would also help address the workforce issue that we are hearing from every sector.”