• WisPolitics

2015-16 Legislature: Printable directory | Leadership rosters | New faces


Tuesday, January 25, 2011

 5:45 PM 

Job creation tax break passes

The Assembly has passed a tax break for companies that create jobs in Wisconsin on a 60-33 vote.

The bill would create a $4,000 tax deduction for each job created by businesses with less than $5 million in annual gross receipts, while those companies with gross receipts of more than $5 million would receive a $2,000 deduction for each job created.

Republicans turned away a series of Dem amendments amid complaints that the bill had undergone sweeping changes throughout the committee process, moving from a tax credit geared toward small businesses to a tax deduction for all businesses. Dems also said the tax impact wouldn't be enough for businesses to create jobs.

"Instead of spending $67 million on initiatives that have very large question marks, I think we should be looking at areas that we know will create jobs immediately," said Rep. Donna Seidel, D-Wausau. She offered an amendment to expand the refundable tax credits for small businesses passed last session that was among four tabled Dem measures.

Minority Leader Peter Barca, D-Kenosha, called replacing a tax credit with a deduction "baffling," saying Republicans could have chosen to give businesses $4,000 instead of the roughly $120 he said they'd end up with.

Rep. Robin Vos, R-Rochester, said the bill is unlike the measures Dems are used to supporting, ripping them for billions in tax increases and a heightened regulatory environment in past sessions.

"This is a small, simple way to say the state of Wisconsin is here to help," Vos said.


Comments: 0

Post a Comment

Back to Quorum Call main page

: See newer blog items : : See older blog items :

Quorum Call site feed
Advertisement
Advertisement

wispolitics.com Social News

Follow Us

ABOUT THE BLOG

WisPolitics coverage of news from the Wisconsin Legislature.

BLOG CONTRIBUTORS
Editor: JR Ross
Reporters: Chris Thompson, David Wise

LINKS
· Quorum Call site feed
· Quorum Call on Twitter

LEGISLATIVE LINKS

SESSION INFO
· InSession: Senate | Assembly
· Audio/video coverage
· Session calendar

SEARCH
· Bill database
· Lobbying information
· Notification service

LEGISLATORS
· Download a printable directory
· Leadership rosters
· New faces in 2013
· Find your legislator
· Senate home pages
· Assembly home pages

ARCHIVE

· December 2009
· January 2010
· February 2010
· March 2010
· April 2010
· December 2010
· January 2011
· February 2011
· April 2011
· May 2011
· June 2011
· July 2011
· August 2011
· September 2011
· October 2011
· November 2011
· January 2012
· February 2012
· March 2012
· July 2012
· November 2012
· December 2012
· January 2013
· February 2013
· March 2013
· April 2013
· May 2013
· June 2013
· September 2013
· October 2013
· November 2013
· December 2013
· January 2014
· February 2014
· March 2014
· April 2014
· June 2014
· November 2014
· December 2014
· January 2015
· February 2015
· March 2015
· April 2015
· May 2015
· June 2015
· July 2015
· September 2015
· October 2015
· November 2015
· January 2016
· February 2016
· March 2016
· November 2016
· December 2016
· January 2017
· February 2017
Copyright ©2012 WisPolitics.com All rights reserved. | WisOpinion.com | WisBusiness.com  |  Website development by wisnet.com LLC  | Website design by Makin’ Hey Communications