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SW: →Scott Walker Budget: edit
This budget is not exclusive to Wisconsin, its changes and effects are mirrored in 16 other states that are using their majority Republican Senates to pass extreme laws in their new budget bills. In Ohio, Pennsylvania, Michigan and others, new Republican-led state governments are voting on proposed deep cuts to essential programs and plan to privatize publicly-owned and funded services. Below is a list of the cuts being made in Wisconsin and how they will affect the average citizen.
===Walker and Corporate Handouts===
Changes to the Consolidated Reporting law that was passed in 2009 by the Democrat-led Wisconsin Senate closed the "Las Vegas Loophole" which allowed companies to start subsidiaries and file separate tax returns for each one. In theory, this allowed large corporations to form subsidiaries in other states to avoid taxation. The changes in the law allow Walker to keep his promise of not repealing the consolidated reporting law, but the changes are essentially making the law null and void.
After 2009, when the reporting law started, a company had to file one tax return instead of several. If they had substantial loses on an investment that surpassed the yearly limit, they could "carry over" the rest for the next year and the next and so on. They were also allowed to spread around the "carry over" to other companies under the main corporation after 2009. Robert Kraig on [http://slysoffice.com/ WTDY Talk Radio's "Sly in the Morning"] reported that after the 2009 law passed, the Department of Revenue had the authority to investigate any corporations and subsidiaries who it felt suspicious of avoiding taxes and disallow them if they were found to be created for that purpose.
Walker's budget includes a change in the consolidated reporting law that now forbids the Department of Revenue from investigating companies and disallowing them. This change is also retroactive back to the date the law was first enacted in 2009. With the change in the law, corporations can still spread the carry overs around, but they can start adding to the total of the loss from years before 2009. This benefits companies like M&I, who had losses starting in 1997 based on tax info obtained by the [http://www.wisconsinsfuture.org/about/staff/Norman.htm Institute for Wisconsin's Future.]
==Proposed cuts to healthcare==
