Joint Finance starts work on Walker proposalsWisconsin Legislature
-- The state Legislature’s Joint Finance Committee started meeting late this morning to consider four of Governor Scott Walker’s economic bills.
MADISON - The state Legislature’s Joint Finance Committee started meeting late this morning to consider four of Governor Scott Walker’s economic bills.
One of them would give a one-thousand-dollar state income tax deduction for every job created by all Wisconsin businesses this year. It was originally meant to be a small business tax cut – but two other versions of the bill were found to be either unworkable, or did not help as many companies as expected. The new measure would cost around $20-million – about one-fourth as much as Walker’s original measure.
The other bills to be considered today include an income tax break for those who put money away in health savings accounts, and tax credits for companies that relocate to the Badger State. The fourth measure would increase tax credits under a current economic development program. If the bills are endorsed today, they’ll all go to the full Legislature later in the week.