Wisconsin GOP Plan? Tax Giveaways For Not Creating Jobs?
It’s time to stop picking working taxpayers’ pockets for this entitlement for the already entitled.
Quarterly numbers released yesterday show that Wisconsin lost 509 manufacturing jobs. For 19 straight quarters Wisconsin has trailed the nation in total private job creation. That’s every quarter since the first Walker Budget took effect in 2011.
My Republican colleagues keep saying that they have a plan for growing Wisconsin’s economy. They’ve been saying it for 6 years, but simply saying something doesn’t make it true.
Earlier this summer I released a Legislative Fiscal Bureau memo exposing that 20,527 fewer manufacturing jobs were created in the three years after the Manufacturing Tax Credit took effect than in the three years before.
This week’s news is even worse for defenders of this shameless giveaway. We didn’t just create fewer jobs, we lost manufacturing jobs. And the credit is going to take $209 million of working taxpayers’ money next year and put it in the pockets of wealthy individuals who aren’t using it to create new jobs. 11 people earning more than $35 million will be handed $21.5 million of your money.
The plan isn’t working. It’s time to stop picking working taxpayers’ pockets for this entitlement for the already entitled. Handouts like the Manufacturing Tax Credit are preventing us from making investments in our roads and schools. Those investments would actually grow our economy.