There's been some confusing messaging from the state GOP on tax policy.
On the campaign trail, Walker and other Republican candidates promised a number of across-the-board tax cuts. However, as the reality of the budget gap began to sink in, Republicans, including Joint Finance Chair Robin Vos (R-Caledonia), began to ponder less costly alternatives, including targeted tax credits for businesses who hire new employees.
Earlier this week the GOP members of the JFC indeed approved a series of tax credits, including ones for businesses who relocate to Wisconsin and those who create new jobs. But the anti-tax credit rhetoric persists nonetheless.
JFC has passed the amended small business tax bill by a 12-4 margin.
The committee turned away five additional amendments offered by Dems on a party line basis, including measures to create a tax credit instead of a deduction and to create a higher incentive for women, veterans and minorities who are hired.
Republicans, meanwhile, chided Dems for the level of structural deficit built under their watch last session, and said Wisconsin voters don't want to pick winners and losers for economic incentives.
Funny how that logic doesn't apply to the tax credits they passed. I think I get it though. For businesses already in Wisconsin, the state isn't supposed to play favorites. However, in the effort to spite our enemies south of the border (not talking about Mexico), handing out favors is noble.
