Month: February 2019

President Donald Trump announced Sunday on Twitter that he would be delaying an increase in tariffs against China and plans to meet with Chinese President Xi Jinping to settle on a final trade agreement.

Trump said ongoing trade negotiations with China have been “very productive” and he would delay the tariffs, which were set to go into effect on March 1, ahead of a meeting with President Xi at the president’s Mar-a-Lago resort in Florida.

“I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues,” Trump wrote on Twitter. “As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1.

He continued: “Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!”

Cities and villages in Wisconsin rely more heavily on property taxes than any other state in the Midwest, and to a greater degree than most states nationally, according to a new report by the nonpartisan, independent Wisconsin Policy Forum.

In 2015, Wisconsin municipalities received 42.2% of their revenues from the property tax, but only 1.6% from sales and income taxes combined, WPF noted. Nationally, on average, municipalities got 23.3% of their revenues from the property tax with an additional 21.3% from sales and income taxes.

Other states tend to rely on a broader combination of revenues, including local sales taxes, local income or license taxes, charges for services, and federal aids. In Wisconsin, state law allows only  the state to levy an income tax and reserves the sales tax for the state, counties, and a limited number of municipalities that qualify as “premier resort areas.”

Wisconsin Gov. Tony Evers said the budget he introduces Feb. 28 will include steps toward raising the state’s minimum wage to $15 per hour and dialing back the manufacturing tax credit to fund a middle-class tax cut.

Wisconsin Institute for Law & Liberty (WILL) and the Center for Research on the Wisconsin Economy (CROWE) at the University of Wisconsin-Madison released a new study revealing the true cost of Medicaid expansion to Wisconsin families. Though proponents highlight certain savings to the state, Medicaid expansion is expected to result in increased costs to families with private insurance – as much as $700 per year for a family of four, resulting in a net cost to Wisconsin of $600 million.

The Study: The Impact of Medicaid Expansion: Examining the cost to consumers and the net impact on Wisconsin, by WILL Research Director Will Flanders, and Noah Williams, Director of CROWE and Professor of Economics at the University of Wisconsin-Madison, reviews data from all 50 states and the District of Columbia comparing private sector health insurance costs and emergency room visits in states that expanded Medicaid eligibility and those that did not. The results include:

1. Expanding Medicaid will increase the cost of healthcare on Wisconsinites with private insurance, on average, by $177 per year – up to $700 for a family of four.
2. Emergency room visits would actually increase in Wisconsin, by over 52,000 visits per year.
3. In total, Medicaid expansion is expected to cost Wisconsin over $1 billion per year – borne in large part by increases in private sector healthcare costs.
4. Even when ‘savings’ to the state are included – Medicaid expansion will cost Wisconsin $600 million per year.

More than $51 million in fraudulent and erroneous refunds and credits were blocked during the 2018 tax season in Wisconsin.

According to the Wisconsin Department of Revenue, its use of identity verification tools helped protect identity theft.

“Identify verification is extremely important to us. It helps ensure that the identities of tax filers are secure and protected, and that their tax dollars are not stolen,” said Wisconsin Department of Revenue Secretary Peter Barca. “Cybercrime and identity theft have become more common. As a result, we’ve implemented a number of measures to combat it.”

DOR uses analytics to identify tax returns that indicate possible identity theft. If there is a concern, DOR sends a letter to the tax filer asking them to complete a quiz, enter a Personal Identification Number (PIN), or submit documentation to confirm their identity.

“Our systems are very secure, but when criminals steal someone’s personal information from other sources, they may use it to file a fraudulent tax return,” said Barca.

The Wisconsin Family and Caregiver Support Alliance is releasing the results of its new statewide employer survey to recognize February 15 as National Caregivers Day. 

National Caregivers Day is observed annually on the third Friday in February, recognizing the care providers, both paid and unpaid, who provide personal cares of all types to people with disabilities, older adults and other family members and friends who require support to remain
healthy and living in their homes and communities. It is estimated that in Wisconsin, 549,000 caregivers are providing 588,000 million hours of care to loved ones annually, valued at nearly $6 billion dollars.

Employers recently confirmed the impact of caregiving on the Wisconsin workforce in a survey sponsored by WFACSA and released this month. The survey was taken by a total of 222 employers across various sectors of the state economy. On average, companies report that 44% of their employees have family caregiving responsibilities with nearly a quarter of employers reporting that caregiving increases stress in the workplace.

The most common strategies Wisconsin employers indicated they used to support their employees with caregiving responsibilities were allowing flexible schedules (74%) and making referrals with Employee Assistance Programs (EAPs) (50%).

Suggested strategies include:

Flexible Work Hours:

Caregiving employees are seeking increased flexibility over their work environments. Help employees remain engaged and productive using telecommuting and remote positions.

Technology:

Analytics may help businesses analyze root causes, such as the need for manager training, review of compensation strategies for caregiving employees, or a change in the work culture that will address caregiver stress or help with fulfilling work duties.

Health, wellness and adequate employee training:

Another area of importance is multi-faceted wellness programs including a
comprehensive employee assistance programs, training and educational opportunities during worktime like “Lunch and Learn” sessions. The training can focus on anything from local resources available to help care for an aging parent with dementia to navigating paperwork and benefits for an adult child with disabilities.

Gov. Tony Evers must have needed an easy win on Tuesday, when he vowed to fight climate change by committing Wisconsin to the terms of the Paris accord. That agreement calls for a 26-28 percent reduction in greenhouse gases from the 2005 levels by 2025 – something Wisconsin already made enormous strides toward long before Evers got elected.

The U.S. Energy Information Administration (EIA) keeps detailed records on energy production, consumption, and emissions. According to its data, Wisconsin’s residents, businesses and government have increasingly demonstrated their commitment to the environment.

Between 2005 and 2016, Wisconsin reduced its carbon dioxide emissions by 14.4 percent and overall energy consumption dropped by 10 percent. Wisconsin’s use of coal for energy production dropped 32 percent between 2005 and 2016, according to EIA’s data. The result of all these trends – today Wisconsin gets 20 percent of its energy from non-carbon sources (that includes all renewables and nuclear).

The Wisconsin Public Service Commission (PSC) predicted in 2016 that renewable energy would continue to make up a larger percentage of the state’s energy production.

“Rather than being driven by future requirements of the Wisconsin RPS, this growth trend is driven by other forces, such as market opportunities, customer demand for additional renewable energy, and multiple processes involved in citing new projects. Therefore, actual production could be lower or higher than these aggregated electric provider estimates,” according to the PSC.

Northern Wisconsin leaders lobbied the Wisconsin Department of Revenue on Tuesday to restore a tax reciprocity agreement with Minnesota that ended almost a decade ago. The state’s new Department of Revenue Secretary-designee Peter Barca is hopeful a deal can be reached to save Wisconsin residents money.

The agreement ended Jan. 1, 2010, impacting around 80,000 people in the two states. The deal that had been in place for more than 40 years allowed people living in one state and working in another to file just one income tax form in their home state. Minnesota and Wisconsin would then resolve payments at a later date.

“Minnesota feels like why should we have to end up suffering a financial loss in order to help the people of Wisconsin,” Barca said.

A deal would mean that Wisconsin would pay around $106 million a year to Minnesota because the Badger State has more residents working across the border, Barca said.

Barca said Wisconsin has submitted another proposal to Minnesota, noting he’s spoken with his Minnesota counterpart, Minnesota DOR Commissioner Cynthia Bauerly.

“She said she would take a fresh look at it, and our goal, of course, would be to have obviously (an agreement) for the 2020 tax season,” Barca said. “We would have until early fall to get it done.”

Barca said their proposal would include making quarterly payments to Minnesota to offset around $158 million in revenues the state would give up under an agreement.

A spokesman with the Minnesota DOR said they would consider any future proposals and whether they are in the best interest of Minnesota.