Quoted: “At a time when we want to encourage saving and investment in the state, the Evers budget would sharply raise the cost of capital by increasing capital gains taxes,” Noah Williams, Professor of Economics at the University of Wisconsin – Madison, told the Institute for Reforming Government (IRG), a Wisconsin-based think tank that recently published an analysis of Evers’ budget. “I also think it’s unlikely that the capital gains tax would raise the projected amount of revenue, as past episodes of capital gains increases have found that people either realize the gains before the tax takes hold or delay realization.”
University Communications