Report: Walker's Wisconsin tax credit primarily benefits wealthy millionaires

[riversedge]

Report: Wisconsin tax credit primarily benefits wealthy


http://www.wkow.com/story/32329155/2016/06/28/report-wisconsin-tax-credit-primarily-benefits-wealthy



Posted: Jun 28, 2016 4:20 PM CST
Updated: Jun 28, 2016 4:20 PM CST


MADISON, Wis. (AP) - A new report finds that a tax credit passed to benefit manufacturers and agricultural producers in Wisconsin is primarily helping millionaires. Wisconsin Department of Revenue data included in the report released Tuesday by the Wisconsin Budget Project shows that 78 percent of the tax credits last year went to people earning more than $1 million.

...................................... The Budget Project report shows that the rate of growth in manufacturing jobs has not increased since the law went into place in 2013.

The law was approved by the Republican-controlled Legislature and signed by Gov. Scott Walker in 2011. Last year $284 million was handed out in income tax credits under the program.

[fasttense]

1. That's how most agricultural subsidies in the US work

It helps out the millionaire farmers and encourages the overproduction of grains but rarely does it trickle down to the small farmer you see at the farmer's market.

As a small farmer myself, I was able to get about $3,000 to help build a fence to protect a stream from my sheep. But now I have to carry water to them. We had so many inspectors here for that fence, you would think it was worth a great deal more.

[Still In Wisconsin]

2. You silly Democrat...

don't you know that those millionaires trickle all those tax credits down to us peons?


Oh yeah, and

[Angry Dragon]

3. The Weasel

[AllyCat]

4. Working as designed