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Walker revamping tax cut for small businesses
By: Associated Press//December 29, 2010//
Listen to this articleMADISON, Wis. (AP) — Gov.-elect Scott Walker has said he wants to cut taxes for businesses that employ 50 or fewer people in Wisconsin.
But now Walker says he’s having to tweak his original idea because it’s tough to single out those companies for a tax cut.
Walker has yet to unveil his specific tax cut plan, even though he touted it during the campaign and has released details of other proposals he wants the Legislature to act on quickly.
Walker said the business tax cut will still be a part of that package. He said it’s been delayed because the state Department of Revenue doesn’t categorize businesses based on how many workers they have.
Instead, Walker said he is trying to structure the tax cut around how much money companies make.
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