Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By Democurmudgeon (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Reality Check: Vos-Republican Corporate Tax Cuts have Rewarded CEO's, not Blue Collar workers.

% of readers think this story is Fact. Add your two cents.


When government policy continues to fail, wouldn’t it seem odd to keep making those same mistakes over and over again? Not for Republicans, or their blissful low information voters. 

Tax Cut Obsession got old, and oddly, it’s never ever going to be low enough. Surprised?

Let’s deep-six this 1900′s way of thinking forever. You can only cut taxes just so much before our civilized society can’t support itself anymore, can’t progress, or pay forward money needed to help upcoming generations. Also interesting and true:

“The link between taxes and economic growth and development, however, has been widely challenged by economists. Historically, the states with the highest taxes also tend to be the highest income, while states with the lowest taxes also tend to be the poorest.” – UW Extension 

List of Walker/Vos-Republican Failures…

1. Manufacturing Tax Credit: No jobs requirements or pay increases:  


Tax savings to business owners of the manufacturing and agriculture tax credit has totaled $1.4 billion since 2011, and in 2019 alone totaled $334 million, meaning other taxpayers must make up that amount to help pay for services such as education, health care, public safety, and road repairs. Figures from September 2019 show state manufacturers employed 6,800 fewer workers in that month compared to one year earlier, continuing a trend of losses in that sector.

From Jake’s Wisconsin Funhouse:

The “fiscal conservative” estimates just more Vos-Republican gaslighting, costing the state massive revenue losses…oh well:

2. Kimberly Clark Corporation: Scott Walker’s myth about Wisconsin’s business tax cuts hurting Illinois? Guess what, Illinois has similar corporate tax cuts, but with one big advantage that Vos-Republicans have totally ignored; tech at the UW and Dane County level:

The relocation will help K-C work more with marketing, digital, and technology businesses in the Chicago area.

Kimberly-Clark also got a major tax break from the recent Piece of Shit tax bill that was jammed through by Republicans in Washington DC. In fact, Kimberly-Clark cited those tax cuts as a reason for the layoffs, because it allowed to begin a wide-scale restructuring in 2018, letting them reap the benefits of the “cost-cuts” by being taxed less.

This prompted Wisconsin US Senator Tammy Baldwin to ask why state and federal governments was giving so many breaks to a company that would cut so many Wisconsin jobs.

3. Foxconn: “Capitalism” and a $2.8 BILLION Taxpayer sweetened Scott Walker Debacle, endorsed by who else, grifter Trump: 


Foxconn Technology Group is in breach of contract for failing to construct a high-tech screen plant in Mount Pleasant, while local governments spent hundreds of millions of dollars to prepare for the project, according to a lawsuit filed Tuesday by a real estate development company … the state agreed to provide up to $2.85 billion of tax incentives if Foxconn met certain hiring and capital investment thresholds. The state has yet to award the company tax credits for those purposes; however, millions of taxpayer dollars have gone toward infrastructure upgrades.

4. Summer Sales Tax Holiday shortchanges local Governments: It’s a nice idea, but; Vos-Republicans are generous with business tax cuts, but won’t replace lost local tax revenue with state backed money. Similar to this was the UW tuition freeze that should have been replaced with additional state funding to our state colleges.


Madison.com: The Department of Revenue said the push would decrease state sales tax collections by an anticipated $159 million and county sales tax revenue by $13.3 million. But it wouldn’t allocate money to counties or the state make up for the anticipated loss of dollars — a point some Democratic critics homed in on as they floated an amendment to backfill local governments (it was dismissed as not germane to the bill).

In other words, the results aren’t accidental when you consider who funds Republican candidates:

A former liberal radio talk host who likes to ask the “follow-up question” at Democurmudgeon.blogspot.com


Source: https://democurmudgeon.blogspot.com/2021/04/reality-check-vos-republican-corporate.html


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.