Assembly Speaker Robin Vos:
The 17th edition of Rich States, Poor States – a publication written by nationally-renowned economists – came out this week, showing Wisconsin has dropped four places in our national tax rankings from 17th to 21st.
This publication, originally started and still written by Reagan economist, Dr. Art Laffer, analyzes the tax climates in all 50 states and assigns a ranking based on different criteria including top marginal income and corporate tax rates, property and sales tax burden, average worker compensation costs and tax expenditure limits, to name just a few.
In 2009, during Governor Doyle’s time in office, Wisconsin had its lowest rating as 33rd worst in the nation. During Governor Walker’s term, with the help of a Republican legislature focused on serious tax reform, our ratings rose after 2012. Unfortunately, this year, we have begun falling behind other states. Click here to see the yearly trends.
Last week I wrote about a number of tax cut vetoes by Governor Evers, including his veto of a very significant tax cut for retirement income. This is troubling and may further explain this downward trend. Republicans will continue in the next session to fight for tax reform to make sure Wisconsin remains an affordable place to live.
Wisconsin is currently ranked 21st in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility. …
Wisconsin is currently ranked 30th in the United States for its economic performance. This rank is a backward-looking measure based on the state’s performance (equal-weighted average) in three important performance variables shown below. These variables are highly influenced by state policy.
Steve Prestegard.com: The Presteblog 
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