Monday, November 28, 2011

Walker Tax Credits not the Answer After all.

We passed out money to businesses for infrastructure under the stimulus plan, but according to Republicans, that failed. But passing out money in the form tax credits to businesses under the Walker plan, well that's a rip roaring success...just you wait and see in five or ten years from now.
AP: A newspaper analysis raises questions about how effective tax credits are in prompting Wisconsin businesses to hire. Gannett Wisconsin Media examined state data over the past five years. It found that 40 percent of Wisconsin businesses that completed tax-credit programs tied to job creation failed to hire as many people as they expected.

A Wausau Daily Herald report says 9 of 15 businesses in that period met the hiring goal. And of the 191 other businesses still active in the program, just 8 percent created the required number of jobs to earn the credits. Some business owners say hiring decisions depend on more than short-term tax benefits.

The fact that tax credits have proven themselves to have little effect on jobs creation, is still not enough do away with the same old failed policy.
Governor spokesman Cullen Werwie says government can't directly make jobs, but it can improve the environment for businesses to grow and invest.

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