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Tuesday, January 25, 2011

 12:10 PM 

Senate approves two-year tax break for companies that move here

The Senate today approved giving companies that relocate to Wisconsin a two-year break on their corporate taxes, a move that some Dems dismissed as meaningless.

The 24-8 vote clears the way for the bill to head to the guv's desk.

Sen. Bob Jauch, D-Poplar, complained the tax break was too small to be meaningful and that lawmakers should instead be putting their efforts into changes that would make a difference for Wisconsin's flailing economy.

"What the people of northern Wisconsin want are serious proposals to create real jobs, not tokens that create a nice headline," Jauch said. "This bill does noting."

Sen. Van Wanggaard, R-Racine, countered the change was part of a bigger effort to improve the state's economy.

"This is just a piece of the puzzle," he said. "If there was a silver bullet that we had to cure this, we'd all stand up and vote for it."

UPDATE: Sen. Chris Larson, D-Milwaukee, missed the vote, but was added as a "no" through unanimous consent.


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