What policies should the state enact to address the continued structural state budget deficit?
Larson (D): Over the next budget, there will be a lot of tough decisions to be made in closing the looming budget deficit. It is essential that we continue combined reporting so that corporations cannot use tax loopholes to pass the buck to homeowners. This initiative was key in closing the last budget. I believe that we should also switch some functions off of the property tax and onto a sales tax, such as parks and transit. This is something I’ve long advocated to prevent homeowners from bearing the brunt of taxes here. Plale (D, inc.): Wisconsin is in a tough financial situation. Clearly, we have to make additional cuts in government spending, but we need to do so while still preserving vital government services. We need healthy public schools, police and fire protection, and health care for the poorest Wisconsin citizens. We need to make big corporations pay their fair share in taxes, which is why I voted to close the largest corporate tax loophole in the history of our state. Fami
Related Questions
- How is a structural deficit different from an annual operating budget deficit that we would experience if we did not reduce spending to make up for state funding cuts and investment losses?
- What is a structural deficit and how does it impact our budget?
- Why are state Democrats fabricating the budget deficit?
