I ran this story by my conservative, gun toting friend in Milwaukee, and he had no reaction.
Cap Times/Mike Ivey: The Wisconsin Democracy Campaign is out with a new report detailing state budget policies that will benefit business, construction, real estate, transportation and other special interests at a cost to middle- and lower-income taxpayers.
Dubbed “Special Interest Smorgasbord,” the report identifies 55 state budget proposals and legislative bills approved by the GOP Legislature and signed by Gov. Scott Walker.
The new policies will cost the state $334.5 million, mainly in lost tax revenue, beginning in 2013. The amount will rise to $438.9 million by 2021, according to the report.
On Wednesday, the cover story in The Capital Times will look at one of the biggest tax cuts for business -- a $130 million credit that effectively eliminates state income taxes for factory owners but not workers.
According to the WDC analysis, those tax breaks and other credits will cost a Wisconsin family of four $235 beginning July 1, 2012, and grow to $291 annually by 2021.
Meanwhile, groups benefiting from the new policies contributed $23.6 million in campaign contributions to various legislators, mostly to Walker and other Republicans, from 2009 through 2011.
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