I have often written in my blogs about the National Tax Foundation in Washington D.C.
The Tax Foundation describes itself as a nonpartisan educational organization that has earned a reputation for independence and credibility. The mission of the Tax Foundation is to educate taxpayers about sound tax policy and the size of the tax burden borne by Americans at all levels of government. From its founding in 1937, the Tax Foundation has been grounded in the belief that the dissemination of basic information about government finance is the foundation of sound policy in a free society.
For 70 years, the Tax Foundation has been following and analyzing tax and finance issues and is now reporting that in those 70 years, it has never seen the taxing and spending that is contained in the budget approved this week by Wisconsin Senate Democrats.
The Tax Foundation calls the 50 percent hike in Wisconsin’s General Fund, the revenue generated by state income and sales taxes, “off the charts.” As you read the Tax Foundation’s account, you can almost sense the author’s breath being taken away.
Here is the report,
Things We Thought We’d Never See at the Tax Foundation, But Thanks to the Wisconsin Senate ….complete with comparisons to what Senate Democrats adopted and other states.
