The state's largest business group will be airing radio ads, urging public opposition to a proposed income tax increase on businesses.
"President Barack Obama supports tax relief to help businesses create jobs," begins the sixty second ad from Wisconsin Manufacturers and Commerce. "But in Madison, the legislature is going the opposite direction."
Legislators this week are expected to approve a "combined reporting" proposal, which taxes income on Wisconsin businesses earned from operations in other states. WMC President Jim Haney says that amounts to an eleven percent tax hike, or about $200 million of additional taxes on state businesses. Haney says the state should not be raising business taxes during a recession.
"In a recession, Wisconsin should be cutting taxes on job creators to encourage them to invest here," Haney says in a WMC release . "It seems rather odd that business tax hikes are included in a stimulus bill."
