Not shockingly, Republican U.S. Senate candidate Terrence Wall is singing the praises of tax shelters, loopholes, and accounting gimmicks, this time in the most recent edition of “Against the Wall,” his monthly column for In Business magazine. Wall, who’s never found a tax loophole he didn’t like, and notes Mike Tate, Chairman of the Democratic Party of Wisconsin, “Wall pays zero taxes, and that’s not enough for him,” Tate said, “He wants the wealthy to get more tax cuts and while Wisconsin families are struggling, he is proposing to increase their taxes.”
In his most recent column for In Business, Wall writes how he “can personally testify” to the success of certain credits that have allowed him to avoid paying state income taxes in 9 of the last 10 years, and Wall also notes many people, presumably from the same income bracket he occupies, “find ways to shelter their income from the taxman.” Wall goes on to write that Congress and the Obama administration “need to reduce taxes to kick start the economy,” but it’s worth noting Wall opposed the American Recovery and Reinvestment Act, which provided tax incentives for Wisconsin small businesses, in addition to $1.2 billion in tax relief to 2.2 million working Wisconsin families. Wall also opposed the bipartisan jobs bill signed into law by President Obama that provided $18 billion in tax breaks.
Seriously….when is Terrence Wall going to have an idea that benefits the middle class folks he aspires to represent?