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

Tax breaks for manufacturing, agriculture industries won't create jobs, some argue

11:12 PM, Dec. 1, 2012
Workers Joe Arneson, left, and Gerard Wadzinski, measure a stainless steel shaft taken from a container of liquid nitrogen at Sulzer Machine & Manufacturing in Mosinee. Manufacturers in Wisconsin are enjoying a $100 million tax break that leaves them essentially paying no state taxes, part of a Republican plan to shore up the sector.
Workers Joe Arneson, left, and Gerard Wadzinski, measure a stainless steel shaft taken from a container of liquid nitrogen at Sulzer Machine & Manufacturing in Mosinee. Manufacturers in Wisconsin are enjoying a $100 million tax break that leaves them essentially paying no state taxes, part of a Republican plan to shore up the sector.
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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.

Todd Berry, president ...

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