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Unions Threaten Business

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posted on Apr, 25 2011 @ 10:17 PM
reply to post by centurion1211

Documented, Wisconsin's Debt. Result Of Corporate Tax Breaks, Not Unions!

In its Jan. 31 memo to legislators on the condition of the state’s budget, the Fiscal Bureau determined that the state will end the year with a balance of $121.4 million.

To the extent that there is an imbalance -- Walker claims there is a $137 million deficit -- it is not because of a drop in revenues or increases in the cost of state employee contracts, benefits or pensions. It is because Walker and his allies pushed through $140 million in new spending for special-interest groups in January. If the Legislature were simply to rescind Walker’s new spending schemes -- or delay their implementation until they are offset by fresh revenues -- the “crisis” would not exist.

The Fiscal Bureau memo -- which readers can access at -- makes it clear that Walker did not inherit a budget that required a repair bill.

The facts are not debatable

Walker gins up ‘crisis’ to reward cronies

posted on Apr, 25 2011 @ 11:12 PM
reply to post by DerepentLEstranger

According to the "memo" linked in the article you excerpted, there is a $117 million reduction in tax revenues, over a three year period, due to three tax cut bills.

1) Special Session Senate Bill 2 created a tax credit for individual Health Savings Accounts. That is a tax credit available to anyone who chooses to establish a HSA. In other words, it potentially benefits all taxpayers, rather than just a few, i.e. unionized public employees.

2) Assembly Bill 3 enacted to attract businesses from other states to Wisconsin, to create jobs for Wisconsin's unemployed. Also, the tax breaks are for only the first two years, following the company's relocation.

In this subdivision, “locates to this state” means moving either 51 percent or more of the workforce payroll of the business or at least $200,000 of wages...

3) Assembly Bill 7 established an "Income and Franchise Tax Credit" to small businesses. The small business is defined as having "gross receipts" of less than $500,000. It is not a tax benefit to "Walker's rich cronies", as many want the public to believe.

So, again, a minority of taxpayers (public employees) were minimally affected, to benefit a greater portion of the population. The public employees are required to contribute more to their health insurance premiums, so everyone can take advantage of HSAs. Even the public employees can benefit from HSAs.

Oh, and how dare Walker try to get jobs for Wisconsin's unemployed. Jobs that will remove them from unemployment benefits and, actually, generate more taxes for the state, as a result of more people being employed.

"Corporate Tax Breaks"??? Sounds evil, but is actually completely false.
edit on 25-4-2011 by WTFover because: Lasst line

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