To Create 250,000 Jobs in WI, Walker will have to...

[T-roy Boy]

Trying to learn some more politics here and get talking points to those less educated turds so please be constructive.

Walker plans on adding 250,000 jobs by term end. Focus is on Mfg and Sm Business opportunities. In order to do this he's going to give "tax breaks" to those businesses.

Will the turds take this and spin it as giving away "$billions of tax to big business"? In my little brain, these businesses would otherwise not exist, thus no jobs and no taxes anyway. By providing these tax breaks they offer a job for someone (instead of them su><oring off the gummnit teet and occupying), get a paycheck, buy stuff, thus pay taxes. Thus the turds argument is what really? Win-Win-Win-Win except that a cometitor without the tax break will claim it unfair.

[Guerilla poster]

Why not a tax policy that is fair for all companies? Why play favorites? That is the problem with such deals. I often see states cut special deals, I find it unfair and potentially cronyism at its worst. Then, when the deal runs out the company blackmails the state to provide even a better deal or they will move and lose all the jobs and no politician can say no. Great short-term for the pols to do this, long-term not a good deal for the state. Just treat every company equal.

[erosewater]

tax breaks for specific businesses = bad imo, more central planning just of a different kind. What specifically constitutes "manufacturing"? How will the gov't pick the criteria for who gets breaks without trying to pick winners and losers? How much will the process of defining who gets breaks get corrupted by cronyism/nepotism/paying back favors/quid pro quo?

[Guerilla poster]

Originally Posted by erosewater

tax breaks for specific businesses = bad imo, more central planning just of a different kind. What specifically constitutes "manufacturing"? How will the gov't pick the criteria for who gets breaks without trying to pick winners and losers? How much will the process of defining who gets breaks get corrupted by cronyism/nepotism/paying back favors/quid pro quo?

Ageee, Just another form of Obama's failed Solydra thing....same concept, favor certain companies, industries whether a subsidy or a "tax break". Better at state than federal level but still a not right.

[Pseudolus]

Originally Posted by erosewater

tax breaks for specific businesses = bad imo, more central planning just of a different kind. What specifically constitutes "manufacturing"? How will the gov't pick the criteria for who gets breaks without trying to pick winners and losers? How much will the process of defining who gets breaks get corrupted by cronyism/nepotism/paying back favors/quid pro quo?

Yup. Like the stoopid movie-production tax credit here in RI. (Not to mention the Schilling debacle.) But politicians don't just like "jobs", they like "jobs I can point to and specifically take credit for". So their incentives favor the "targeted" stuff over just plain unobtrusive, low-tax environment.

[Rickson]

Why not just abolish all the taxes and most of the state gov't?

WI would be the PLACE TO BE!

[ShebaPoe]

Originally Posted by Rickson

Why not just abolish all the taxes and most of the state gov't?

WI would be the PLACE TO BE!

The weather sucks and the girls are big, but they DO have the Mars Cheese Castle.

States with lower taxes and less intrusive government have even attracted jobs from overseas, like auto manufacturers.

[T-roy Boy]

I getcha.

Then "favorable gummit loans" also fall into the "tax break" category?

Recently (well, within the last few years) ULINE corp moved HQ to NoTB (North of the boarder). But that is entirely a different tax break, right? They went from IL tax to WI tax rates. Abbott Labs also ownes a large chunk of land (right accross from Uline actually). I will keep my ears open for other tax breaks.

[FormLetter]

I agree with all of what has been posted already.

It presents an opportunity for companies to court a few politicians hoping to curry favor for their particular company. And once they are there, nobody can take away the favored treatment they received. The state should have uniform tax laws that don't favor some industries and don't pick winners and losers.

[T-roy Boy]

Say a small business is paying the equiv of 10% taxes. comes out to $200,000 a year. Say then a large business is paying $20,000,000 in taxes but at 8%. is that fair? and why not? Doesn't supply and demand (of sorts) come into play.