Under the one-time child tax rebate, Wisconsin families will receive $100 for each child living at home under the age of 18 as of December 31, 2017. The application period starts today and runs through July 2 for eligible parents.
Opponents argue that sales tax holidays simply shift the timing of purchases and that they are an ineffective form of tax relief. But while recent research confirms that sales tax holidays do change significantly the timing of purchases, they also lead to an increase in overall consumption spending.
Everyone in the state will get a sales tax holiday during the first weekend of August on retail purchases under $100. Whether you’re a retired couple purchasing some items for home or a young family buying some things for a new baby, everyone in Wisconsin will be eligible for our sales tax holiday under a plan we worked on with Assembly Speaker Robin Vos.
So when the non-partisan Legislative Fiscal Bureau recently announced that Wisconsin would have a larger than expected budget surplus, I announced that we are going to send it back to the taxpayers. In my opinion, the quickest, easiest and most effective way for us to return this to the taxpayers and continue to grow the economy is through a child tax credit.
The state of our state is historically strong, and we are getting positive things done for the people of Wisconsin. Our Ambitious Agenda for 2018 introduces common-sense conservative reforms to address real issues.
We will focus on investing in student success, meeting Wisconsin’s workforce needs, removing barriers to work, driving economic success for our small businesses, improving our rural communities, reinvesting in Wisconsin’s families with a child tax credit, and stabilizing our healthcare system.
In Wisconsin, employment is at historic highs and unemployment at historic lows. We invested more actual dollars into schools than ever before in our history. The state property tax is gone. Wisconsin received a bond rating upgrade from three national agencies. Our health care systems are ranked number one in the nation for quality.