February 14, 2008

 

Darling Unveils “Stay In Wisconsin” Plan

MADISON… Senator Alberta Darling unveiled her “Stay in Wisconsin” plan, a series of initiatives created to encourage seniors and college graduates from leaving the state.

“There’s something driving seniors, students, and working families away from Wisconsin,” said Darling. “It might just be the weather for some, but it’s the tax climate or lack of job opportunities for others.”

The “retirement package” portion of Stay in Wisconsin will make various tax changes for seniors to make Wisconsin a more attractive place to retire, including the following:

• Permanently eliminating the estate tax
• Eliminating the tax on retirement income
• Reducing the capital gains tax
• Including retirement income for the married couple tax credit
• Increasing the personal tax exemption for senior filers
• Increasing the property tax credit for seniors
• Increasing income tax exemption limits for senior filers

The Stay in Wisconsin plan will also make student loan interest 100% tax deductible to limit the “brain drain” by retaining the best and brightest college graduates to work and raise a family in Wisconsin.

“Wisconsin has held a firm spot among the top-10 taxed-states in the nation, and that is not a distinction to be proud of,” said Darling.  “We can’t change the weather, but we can change our tax climate and job creation opportunities.  We also need to reduce state spending, reduce our overall tax burden, and reduce our state debt load.”

In addition to her Stay in Wisconsin plan, Darling is a sponsor of the “Invest Wisconsin 2.0” plan for economic development and job creation, as well as her “Smart Medicine” health care reform plan.

Click here to view Stay In Wisconsin Brochure