Taxation and Government Spending
Government should be held to the highest standard of responsibility in the use of taxpayer dollars. The Eau Claire Area Chamber of Commerce will promote efforts to minimize the state and local tax burden, as well as encourage economic growth and development to expand the tax base ensuring a high quality of life in Eau Claire.
State Priorities
1. Continue to look for ways to reduce wasteful spending and limit increases in state spending
2. Reduce the capital gains tax
3. Encourage balanced budgeting
Adherence to Generally Accepted Accounting Principles (GAAP)
Fund budget-stabilization fund to deal with fluctuating revenues
Federal Priorities
1. Promote efforts to make permanent the Federal tax cuts
2. Repeal or substantially reform the alternative minimum tax (AMT)
3. Reduce tax rates on capital gains and dividend income
4. Ensure faster cost recovery of capital investment
5. Reduce corporate income tax rates
6. Advance simplification and ease of compliance with the Internal Revenue Code