Doyle gives mixed review to budget proposals
Gov. Jim Doyle told reporters after a meeting of the State Building Commission today that he prefers his budget proposal's oil company assessment with anti-pass through language to the Senate Dems' version, which would remove the assessment in favor of eliminating the capital gains exclusion.
"Obviously, I didn't include in my budget a significant change in capital gains," Doyle said. "We made one, it was on the margin, it made a real difference. That's what I think we should be doing on the capital gains side."
Instead, Doyle maintained his support for anti-pass through language, noting that the Supreme Court has unanimously upheld similar language in Puerto Rico.
"I've heard a lot of these people give all their legal theories, but I've yet to have anyone even tell me legally what their challenge is," Doyle said. "I believe that the oil companies should help us pay for the roads and bridges in this state where they make zillions of dollars based on us having good roads."
The governor praised the Senate Dems for the mandatory auto insurance provision in their budget. He advocated increasing the insurance minimums, saying limits set "30 years ago" do not offer taxpayers adequate protection.
"I think people who are out on the roads driving should have liability insurance, and I think it should be at a level that protects people that might be harmed," Doyle said.
Doyle also stressed the importance of getting the budget through the Senate and a conference committee in time to sign the budget by the beginning of the new fiscal year.
"I want a budget done, I want it done on July 1," Doyle said. "We don't have any time to delay."
Listen to Doyle's comments here.
-- By Greg Bump




2 Comments:
please tell gov doyle to use THE google, and google "tax incidence". Then maybe he'll figure out why is oil profits tax is folly.
Taggert-
Well said. I may be a liberal Dem, but I also know the laws of economics. Trying to prevent any pass-through is absolute fantasy, and somebody with Doyle's education should know that.
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