NOW:53045:USA01489
http://widgets.journalinteractive.com/cache/JIResponseCacher.ashx?duration=5&url=http%3A%2F%2Fdata.wp.myweather.net%2FeWxII%2F%3Fdata%3D*USA01489
12°
H 14° L 3°
Clear | 18MPH

Legislative Update

Sullivan, IRA Reform, Retirement, Taxes, Penalties, Health Care Transparency Bill, Health Care, Roth IRA

The IRA Reform Bill, which I authored, passed the Assembly yesterday by a unanimous 93 to 0 vote. The IRA Reform Bill is a comprehensive reform package that will encourage people to invest in their retirement and help members of the military. The bill is now headed to the governor’s desk.

See details on the IRA Reform Bill in my previous blog, IRA Reform Passes Senate Unanimously.

Another bill of mine, Health Care Transparency, passed the Assembly yesterday too, and will be up for a Senate floor vote on Tuesday. Read details on that bill in my previous blog: New Year, New Developments for Wisconsin.

If you have questions on either of these bills, or any other legislation, call me at the office at 866-817-6061 or send me an email at Sen.Sullivan@legis.wisconsin.gov.

Welcome to our new commenting system.
  • You can register through your Facebook account, sign on with your Facebook password and use the same photo and screen name. If you don’t want your account tied to Facebook, you can keep your registration through our site.
  • You can now personalize your Journal Sentinel account with a photo even if the account is not tied to Facebook.
  • You can now reply to comments. Replies will be threaded to make conversations easier to follow.
  • You can continue to sort comments according to oldest first, newest first, and most thumbs up.
  • Your comments are archived on your own page.
  • Please notify us if you see personal insults or other irresponsible comments. We reserve the right to eliminate any comments and block any commenter who is not civil and respectful of others.

Discussion guidelines | Privacy policy | Terms of use

Limit of 2000 characters, 2000 characters remaining

Sort by
  1. Senator Sullivan,

    I would like to thank you for getting it right with the IRA reform bill. I have become a rather vocal opponent of the vast majority of what you've been doing lately, but this one you did a good job on.

    Having said that, it's too bad you then put honest hardworking Wisconsinites like myself yet another step closer to the poor house with your BadgerCare entitlement.

    I find it laughable how you consider the bill to be revenue neutral since it uses no state tax money while conveniently ignoring the federal grant that this relies on.

    Do you think that the people of the Fifth are somehow exempt from federal taxes? If not, then surely you realize that your entitlement costs us.
  2. I read the comments below Sully's post. After all, they make the most sense.

    Any of you guys considering running against him? You have my vote!!!
  3. Sully, have you given thought to exactly which branch of law you will enter after the fall election? This is a great time to think it through.

    Seems to me that ambulance chasing is becoming a bit dicey what with tort reform and all. Also, you probably don't want to go head to head with Guber on late night TV. That dude is a force to be reckoned with.

    What with the continuing economic collapse, it would appear that bankruptcy and foreclosures are going to be hot for the next twenty years although the payback is admittedly slim.

    Frankly, I think there's going to be a great future in divestiture. With all the yuppies heading toward old age and senility, their kids will want help in grabbing all of granny's cash before the state forces her to burn it paying the nursing home.

    Of course doing wills is a racket that offers, in exchange for any discernible cerebral stimulation, a slow steady income not unlike that of a pig farmer.

    A little thought now will pay off big down the road. Although you must understand that you'll never again have it easier than you do now.

    Keep knocking out those crazy bills, Sully. You've got both spring and summer to screw things up for us all!
  4. Sen Sullivan here is a bill you should author that would help people right now. Author a bill that removes the 4% penalty that the state charges you for if you NEED to make a early redemtion of 401k or IRA accounts. There are a lot of unemployed or underemployed people that the state is taking advantage of.
  5. Be very careful, TosaG. By daring the staff member who wrote this blog to challenge his boss (Senator Sullivan) to defend his YES vote, you're opening yourself up to all sorts of hateful criticism by many of the hard core Dems who are reading this. Trust me, I know. This is a very fair question that you asked Sullivan's staff member to relay to the Senator. I'd like that question answered as well.

    Senator Sullivan is my representative in the State Senate. Yours, too. Maybe his staffer feels that we are too dumb to understand any justification that his boss might give for this YES vote, and as a result, he will 'forget' to relay this question to the Senator. Anything's possible.

    Elections have consequences, folks. The vote on SB484 (BadgerCare) was 17-16, so it passed by 1 vote in the Senate. The vote of Senator Sullivan. One has to wonder if it would have passed if our District was represented by Reynolds or a different Republican. That 1 vote swing would have stopped this expensive entitlement bill dead in its tracks. Elections have consequences, folks. Remember that in November.

    Leah Vukmir voted NO on the Assembly version of this bill (AB697) earlier this month.
  6. Sen. Sullivan: You could cure cancer, invent a car that ran on water and change lead into gold, but you will never be seen as valuable enough to most of the external contributors to your own blog. Sad.

    Oh, and I'm not sure if you know this or not, but Leah Vukmir is running against you next election...
  7. Why isnt anyone mentioning the tax implications of cashing in your normal IRA(pretax dollars) and converting to the Roth(post tax)? It isnt as simple as switching forms, there will be a huge tax to pay to do so! Come on Sully, couldn't you have waived that for us poor working folk in Tosa?
  8. IRA Reform Bill? Care to comment on the BadgerCare Plus Basic Core entitlement that you voted in favor of yesterday and how it benefits the majority of your constituents? I'm really interested in your rationale for supporting that bill.
Back to top

Page Tools

  • Share

advertisement

Latest Posts