Walker would cut tax credit for poor

[highplainsdem]

http://lacrossetribune.com/news/local/article_71f33342-47b0-11e0-b99b-001cc4c002e0.html

Low-income taxpayers in Wisconsin would lose hundreds of dollars in tax credits a year under Gov. Scott Walker’s proposed budget — at the same time the governor wants tax cuts for businesses and investors to boost jobs.

Walker proposes cutting about $16 million a year from the program, which in 2009 paid 273,939 low-income Wisconsin residents about $133 million.

Under Walker’s proposed biennial budget, a single mother with two children earning about minimum wage — $15,000 a year — would lose $302 of her $704 Earned Income Tax Credit next year, according to estimates from the nonpartisan Wisconsin Taxpayers Alliance. A two-parent household with two children earning $30,000 a year would see its tax credit cut by $194 to $258, the alliance said.

“Gov. Walker’s raid on the Earned Income Tax Credit is the most egregious example of Walker’s war on Wisconsin families,” said Rep. Tamara Grigsby, D-Milwaukee. “At a time when Wisconsin is supposed to be putting people to work, Gov. Walker is actually stealing from working families in order to give big payouts to special interests.”

-snip-

[The Velveteen Ocelot]

$16 million is chump change in that budget. He isn't cutting to save money

but to fuck the poor some more. Just to grind them down, make them more desperate and willing to accept whatever shit wages the bosses offer.

[Ilsa]

1. The minuscule per-person tax credits for business won't be enough to get

them to hire more employees. If it works out to only $300-400 tax credit per new employee, it won't be enough incentive to create new jobs, it's just a gift, stolen from people for whom it makes a real difference.

[nashville_brook]

2. i thought raising taxes was baaaaad!

[Poiuyt]

3. Oh great. This will affect me directly

I didn't anticipate my taxes going up under Gov. Asshole's plan.