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Ted Nugent: If You're on Welfare You Shouldn't Be Allowed to Vote

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Amory Blaine12/04/2012 1:39:18 pm PST

$100 million in business tax credits, but at what cost?

Wisconsin manufacturers and farmers are poised to cash in on the biggest state tax break they’ve received in decades, a move hailed by business groups but questioned by others worried about the annual tax revenue loss of more than $100 million.

The Republican-controlled Legislature included the “domestic production tax credit” in the 2011-13 state budget. It applies to production in Wisconsin and on Wisconsin property that’s assessed for manufacturing or agricultural use. Over the next four years, income taxes on these sectors will be reduced to nearly nothing.