Defend Wisconsin News Round Up

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Thursday, March 24, 2011

Liar, liar...

THE FACTS
"Walker said 98 percent of small businesses "will be eligible" for job-creating tax relief under his emergency plan to jump-start the lagging Wisconsin economy. There are that many businesses under the $500,000 threshold -- but that’s just the beginning of the story.
They may all be eligible to apply, but many won’t qualify for a tax credit of any significant size. And the number gets substantially reduced because unprofitable businesses won’t see a credit until they turn around. Even business advocates don’t contend it would help recipients create jobs, as Walker claims."

http://www.politifact.com/wisconsin/statements/2011/jan/18/scott-walker/wisconsin-gov-scott-walker-says-his-tax-cut-plan-w/

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