Icing on the Cake for Corporations, Crumbs for Working Families

by Kids Forward | June 10, 2011

Home 9 Tax and Budget 9 Icing on the Cake for Corporations, Crumbs for Working Families ( Page 20 )

Late last week, the Joint Finance Committee approved a $129-million tax break for corporations that produce goods in the state. The Wisconsin Budget Project has a new post explaining the top ten reasons why this tax break is a bad idea.

Here’s an excerpt:

Governor Walker’s budget bill was already very generous for corporations. While demanding sacrifice of nearly everyone else, his budget bill and special session bills contained $200 million in tax cuts for corporations and the wealthy.

The Finance Committee’s additional $129 million per year tax break for manufacturers is indeed the icing on the cake for those corporations; yet while they enjoy some very pricey icing, working families and their children are going to be under the table fighting for the crumbs.

You can read more at the newest Wisconsin Budget Project blog post.

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