The new governor of Wisconsin wants to lower tax rates for ALL businesses and compete with other states based on total tax burden.
Gov. Scott Walker is planning an all-out border war with Illinois, hoping his promise of a better economic climate will lure businesses away from a state considering a historic tax hike.
The Illinois House early Wednesday approved a 67 percent increase in that state's personal income tax rate, and a 46 percent increase in its corporate tax rate. If made law, the measure would go a long way in closing the considerable tax gap between Wisconsin and its southern neighbor — something the governor hopes will provide an opportunity for job growth here.