Republican Manufacturing and Agriculture Tax Credit costing millions more than expected – benefits just a few of the state’s wealthiest individuals
"75% of the total Manufacturing and Agriculture tax credit is going to individuals that each make more than a million dollars a year"
“Updated numbers show that $22 million of the Manufacturing and Agriculture Tax Credit created by Legislative Republicans is being given to just 11 millionaires in Wisconsin. These eleven individuals each make over $30 million annually. In addition, 75% of the total Manufacturing and Agriculture tax credit is going to individuals that each make more than a million dollars a year – this is ridiculous and reflects Republican twisted budget priorities. The people that need tax breaks in Wisconsin are low and middle income families working harder and harder to pay their bills, not millionaires.”
Attached LFB memos (2017 MAC Distribution Table, Estimated Fiscal Impact of MAC) to Hintz 1.20.2017
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.
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