Paycheck Protection Program

Tim Carpenter

How a tax break for the jobless soared, then collapsed

BY: - May 13, 2021

A fleeting moment of bipartisan agreement to provide some extra help for people who lost jobs during the COVID-19 pandemic died on the Senate floor Tuesday. The outcome probably reinforced the most cynical observers’ appraisals of the body. After a GOP majority passed a Democratic lawmaker’s bill in a committee May 5 that would provide […]

Tax withholding paperwork calculator

Evers signs bill with PPP-related tax break once criticized as ‘double benefit’

BY: - February 18, 2021

Businesses that got tax-free federal funds for business expenses will be able to receive a state income tax deduction on those expenses under legislation that Gov. Tony Evers signed Thursday. Evers applied his signature to AB-2 and issued a statement highlighting $480 million in tax savings included in the legislation, Wisconsin’s first new state law […]

Business chart image with human figures falling off the end of the declining graph line

PPP-linked tax break heads to governor’s desk

BY: - February 16, 2021

Businesses that received federal loans during the COVID-19 pandemic and got to keep the money tax-free will get an additional state tax deduction, costing the state more than $400 million under legislation that passed the Assembly and Senate Tuesday. The hefty tax break is part of a broader and largely uncontroversial bill to update Wisconsin’s […]

Tax withholding paperwork calculator

Tax break on business costs covered by PPP clears committee

BY: - February 11, 2021

Democrats on the Legislature’s Joint Finance Committee sought changes Wednesday to more narrowly focus a $450 million state income tax break for businesses that received COVID-19 help from the federal government. But the Republican-controlled committee rejected all of them before sending the measure to the full assembly. The overall bill, AB-2, primarily consisted of routine, […]

Proposal would grant tax breaks to businesses with expenses covered by PPP

BY: - February 10, 2021

What was supposed to be a routine piece of tax code legislation has become the vehicle for a $450 million or more tax break for Wisconsin businesses that received federal loans to help them in the pandemic. The proposed change would enable a business to take a tax deduction on expenses it incurred in the […]

U.S. Secretary of Education Betsy DeVos speaking at the 2018 Conservative Political Action Conference

Public schools fight for federal funding

BY: - July 21, 2020

Millions of dollars that were earmarked for low income students in the Coronavirus Aid, Relief and Economic Security (CARES) Act have been distributed to the states. But because of a federal lawsuit, Wisconsin school districts are still waiting for the money, which has not been released yet by Wisconsin’s Department of Public Instruction (DPI). Attorney […]

Milwaukee public school teachers, parents, students and supporters staged a large picket line outside MPS administration building on Vliet Street on Milwaukee's west side on April 24, 2018. (Photo by Charles Edward Miller/Creative Commons CC BY SA 2.0)

Small business loan data show big payday for private schools that also get public funds

BY: - July 10, 2020

When the federal government created its small-business loan program in response to the COVID-19 pandemic, it was clear from the start that public schools would not be eligible for the aid. But data for Wisconsin released on Monday shows a large number of voucher and charter schools that describe themselves as public schools, and receive […]

budget cut money Photo by Images Money | Flickr/CC BY 2.0

Evers favors aid for states pinched for funds by COVID-19

BY: - July 8, 2020

Gov. Tony Evers on Tuesday said he would support federal legislation to help states make up for revenues lost as a result of the COVID-19 pandemic over the last several months. “Clearly, revenue shortage is a major issue for us here in our state, but also every state in the union,” Evers told the Wisconsin […]

Dollar bills money being pulled away with a fishing hook

Lawmakers who nixed aid for state government got help for their own businesses

BY: - July 6, 2020

In early May, 43 state lawmakers sent a letter to the Wisconsin congressional delegation with an emphatic message: Don’t provide financial relief to state governments. The legislators, all Republicans, characterized the act of helping state governments offset revenue losses from the COVID-19 pandemic as “funding bailouts for irresponsible states across the country, like Illinois, New […]

Boy selling newspapers--black and white photo

Will Congress send aid to ailing local news outlets? 

BY: - May 14, 2020

WASHINGTON — Politicians are banding together to try to rescue local news media from economic collapse during the coronavirus pandemic. On Monday, Senate Minority Leader Chuck Schumer (D-N.Y.) announced that Democratic leaders in Congress are pushing to fix a small business lending program so that it applies to local news publishers and broadcasters affiliated with […]

Sen. Tammy Baldwin speaking at a podium

Sen. Baldwin: Paycheck Protection Program (PPP) funds must go to small businesses

BY: - April 27, 2020

Responding to reports of “unjust enrichment” of wealthy CEOs and hedge-fund managers through the initial $350 billion in paycheck protection funding Congress allocated in the federal COVID-19 relief package, Sen. Tammy Baldwin (D-Wis.) and 20 of her Senate colleagues, led by Sen. Amy Klobuchar (D-Minn.), sent a letter to Treasury Secretary Steven Mnuchin and Small […]

U.S. Senate Majority Leader Sen. Mitch McConnell (R-KY) (3rd R) speaks to members of the media as (L-R) Sen. John Barrasso (R-WY), Sen. John Thune (R-SD), President Donald Trump, Vice President Mike Pence, Sen. Roy Blunt (R-MO), Sen. Todd Young (R-IN) and Sen. Joni Ernst (R-IA) listen at the U.S. Capitol after the weekly Republican Senate policy luncheon January 9, 2019 |Alex Wong, Getty Images

Lawmakers advance small business relief bill without extra cash for states

BY: - April 22, 2020

WASHINGTON — The U.S. Senate on Tuesday cleared an “interim” COVID-19 relief package that includes billions of dollars for small businesses, hospitals and testing, but no additional funds for state and local governments. The nearly $500 billion package passed by unanimous consent Tuesday afternoon. The U.S. House is expected to reconvene on Thursday to vote […]