Xoff's Blog

Commentary on state politics by Bill Christofferson, who often uses Xofferson or Xoff to shorten his 14-letter last name.

Christofferson, a recovered journalist and ex-political reporter, has been a Democratic strategist and consultant for 20 years and is now retired. He lives in Milwaukee.
He is the author of a political biography, "The Man From Clear Lake: Earth Day Founder Sen. Gaylord Nelson," published by the University of Wisconsin Press.

Now we're getting somewhere

Posted August 24th, 2007 by xoff
in

The Republicans have caved on their main state budget initiative, the AP reports:

By SCOTT BAUER/The Associated Press

MADISON, Wis. — Republicans are backing away from their proposed tax break on buying gold bullion.

Gov. Jim Doyle and Democrats have latched onto the tax break included in the budget passed by Assembly Republicans as an example of how irresponsible the plan is.

Republicans proposed removing the tax break at Thursday’s meeting of a bipartisan committee trying to reach a budget compromise. The sales tax exemption would have covered the sale of collector coins and other currency as well as gold bullion. It primarily would have benefited coin dealers and collectors and at a cost to the state of about $250,000 a year.

With that out of the way, the conference committee should be able to wrap up work on the state budget in no time.

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Steve Hanson's picture

Damn

Submitted by Steve Hanson on Fri, 08/24/2007 - 6:33pm.

I was sooo looking forward to unloading that garbage can full of Krugerrands tax-free.

Once again - us middle class people are getting hurt :-)

Honestly - the good news is that this lowers the gap between the Republicans and the Democrats to under $10 billion dollars, so it's practically over.

Steve Hanson
Uppity Wisconsin

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