Scott Walker on Corporations
WALKER: In the last year, from September to September, we saw the best private-sector job growth we've seen in more than a decade. Our unemployment rate's down from 9.2% in 2010 down to 5.5%. And I think if you lower taxes, ease regulations, and put the power back in the hands of the people to create jobs, you can do just that. And you can do it all across the country.
Q: Compared to the national average, when it comes to wage growth, Wisconsin is below the national average. Is it possible that the idea of cutting taxes as a way to create jobs and stimulate the economy just isn't working in Wisconsin?
WALKER: No, that's just the opposite. The reason revenues are down is because we cut withholding. "Withholding" is where the government takes more of your money than you actually owe them and holds onto them without getting you interest. We cut that in April.
To keep these positive trends going, we put in place the manufacturing and agriculture production tax credit last year. Now, if you are an employer in one of these key industries, you should look at growing in Wisconsin as this credit will eventually wipe out almost all of your taxable liability. That is a really big deal because it gives you the opportunity to invest the capital necessary to help create more jobs. This program is a game changer for employers in manufacturing and agriculture.
In a survey, we asked employers what we can do to help them create jobs in the upcoming year and the most common answer was decrease the amount of state regulations. And they gave us plenty of feedback on rules to review.
Tonight, I am pleased to release this report, which identifies over 300 rule modifications in 218 administrative code chapters. Making these changes will make it easier to do business in the state, while maintaining the safety and health of our citizens.
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