October 14-16, 2002
Wisconsin Economic Summit 3
Wisconsin’s fiscal crisis has sparked a fierce debate about state tax and spending levels as well as the state’s lack of a comprehensive economic development strategy. Unfortunately most state policymakers have ignored the fact that, in addition to the imbalance that exists within the state between revenues and spending, there is a wide disparity in the financial flows between Wisconsin and the federal government. The sum of federal tax payments that Wisconsinites send to the nation’s capital outpaces federal domestic spending within the state by a wide margin.