Monday, May 23, 2011
A jobs proposal would cost taxpayers $250 million with $200 million of that down the proverbial venture capital drain.
The Milwaukee Journal Sentinel is reporting that under a state proposal, a number of private equity firms and insurance companies would make out big -- the plan would cost taxpayers $250 million. But $200 million of that wouldn't have to be paid back. In 1999 the state invested $50 into a similar venture, but the Department of Commerce can't cough up any performance information about the program. Here's the story: State proposal would send $250 million to certified capital companies
Wednesday, January 26, 2011
Special session yields several tax breaks for businesses.
Taxpayers can claim victory this week as state lawmakers and the Governor make Wisconsin “Open for Business.” State lawmakers have passed important job creation bills this week and the Governor has signed the first piece of legislation from our special session on jobs and the economy. Small businesses will soon get some needed tax relief for creating jobs. The Republican–controlled Assembly approved a bill, which I authored, to give deductions to business owners when they add new workers. This is just what our struggling economy needs. This bill gives $33.5 million dollars in tax relief to help small businesses grow. The Legislative Fiscal Bureau says small businesses will benefit most from the legislation and that’s where, …