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Rep. Robyn Vining Applauds Inclusion of Main Street Recovery Package in Wisconsin Act 1

Rep. Robyn Vining Applauds Inclusion of Main Street Recovery Package in Wisconsin Act 1
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Senator Agard Leads on Main Street Recovery Package

Janis Ringhand (D-Evansville), Senator Agard put forward legislation to give small businesses and working families the help they need as our state continues to combat the COVID-19 pandemic.
Senator Agard released the following statement on these important bills:
“The COVID-19 pandemic has caused financial hardship across Wisconsin, affecting families and small businesses who are trying to make ends meet. The Main Street Recovery Package is geared towards providing further relief to those who reached out for help and support from their government.
“Small businesses are critical to job creation and sustained economic growth in the state of Wisconsin. If we truly want to build an economy that works for everyone, supporting small businesses and families is the best path forward. I am proud to lead this effort to get immediate help to those who need it during this challenging time.” ....

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Rep. Robyn Vining Co-Authors Main Street Recovery Package

MADISON – Today, State Representative
Robyn Vining and her colleagues introduced the Main Street Recovery Package, legislation designed to provide tax relief to Wisconsin small businesses and working families. LRB-1733/1 would ensure that Wisconsin businesses are not taxed on the state grants that they received from programs created using federal CARES Act funding, such as the We’re All In grants. LRB-1732/1 would allow individuals to claim their 2019 earned income for 2020 for the purpose of the Earned Income Tax Credit (EITC), which would put our state in line with the new federal Consolidated Appropriations Act. This bill would:
1) Avoid having these workers do two calculations – one utilizing their 2019 earned income amount for federal purposes, and a second calculation for their Wisconsin return, using the 2020 earned income amount (as WI is a percentage of federal EITC). ....

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