What will Gov Scott Walker do to endear himself to voters next? So far a state appeals court rejected challenges to the WI John Doe probe targeting conservatives. Then Walker wouldn't reveal whether 86 grand that his campaign used to pay attorney fees was connected to said John Doe case. And to further convince us how disconnected to reality he is, Gov Scott Walker of Wisconsin said "he senses no gay marriage movement."
But now we see that he is actually endearing himself to some voters after all. The upper-incomiest of residents of Wisconsin owe Gov Scott Walker another big, sloppy, wet kiss.
But before we go there, as Julie Andrews sang in "The Sound of Music," let's start at the very beginning, a very good place to start. There's this law that Congress passed back in 1969 that called for a federal alternative minimum tax, because "155 affluent Americans had actually paid no federal income taxes." Wisconsin thought that was such a good idea that they passed their own version of the AMT back in the '80s.
The measure is designed to capture at least some revenue from individuals who have so many deductions or credits they otherwise would owe no income tax at all.
Why, what a splendid and fair way to level the playing field!
But Wisconsin Republicans had second thoughts. After all, they have a group crush on the wealthiest, filthy-richest residents (read: political donors) and wouldn't want to ruffle their currency-lined feathers.
[T]tucked into Gov. Scott Walker’s $504 million basket of tax cuts are significant changes to the state’s alternative minimum tax that could deliver some $50 million in savings to roughly 30,000 filers by 2016 and beyond, according to a Legislative Fiscal Bureau memo. [...]
[T]he alternative minimum tax changes will mainly benefit the wealthiest in Wisconsin, including factory and farm owners already benefiting from another huge tax break passed specifically for them in 2011. [...]
If all three provisions are adopted, revenues would be reduced by an estimated $11.3 million in 2013-14, $25.5 million in 2014-15, $40.5 million in 2015-16 and $50.8 million in 2016-17 and thereafter, according to the LFB.
So to those who have their eye on Potential Presidential Candidate Walker, I ask that you please share this news with your fellow not-filthy-rich voters. They're sure to appreciate who he gives hand-outs to and who he doesn't. Indeed, it seems the "makers" are the real "takers," and everyone else can eat cake.