Tuesday, May 10, 2011

Walker Hails Record New Business Numbers...Then Says, Never Mind

Scott Walker & Co. are so anxious for some good news to distract people from the recalls, the Amtrak funding debacle and other stumbles that they rushed out a news release about new business registrations in the state - - then pulled it back because they had the data wrong

The Business Journal has the story.

3 comments:

John P said...

How is Illinois doing Jim? I guess Sears is looking to leave. I guess the tax and spend strategy the liberals want is working great in Illinois isnt it?

JPK said...

@John P: The IL comparison is stupid. Remember that major corporations like Boeing and MillerCoors recently moved there. And don't forget that lots of Milw M&I jobs here will be moving there soon.

Sears is worried that their existing tax incentives are going to expire, so of course they will threaten to leave. Given IL's strong history of tax-and-spend incentives for major corporations, my guess is that Sears will get a nice gift from IL sometime soon and stay put.

Boo Radley said...

John P, we need major tax relief for everyone earning less than $250,000/year. "Trickle-down," doesn't work. Back in the Eisenhower administration, the top federal tax bracket was north of 90%. Since 2002, the top federal tax bracket has been 35% and capital gains are at 15%.