Issue Position: Jobs & Economy

Issue Position

Assembly Democrats took the majority amid the largest economic downturn since the Great Depression. Our top priority has been to get our economy back on track by supporting business and creating family-supporting jobs.

Assembly Democrats have approved more than $200 million in business boosting tax credits and incentives to help businesses grow and retain workers.

*Extended 10% Research and Development tax credits

*Approved a 10% Jobs Tax Credit (tax breaks for businesses that create jobs)

*Increased the type of investments businesses can make to qualify for the Enterprise Zone tax credit to help businesses attract and retain jobs.

*Approved the American Jobs Act requiring state contracts go to American companies

I co-sponsored the C.O.R.E. Jobs Act, a comprehensive economic development package that will create jobs, support worker retraining and assist businesses in our state. C.O.R.E. includes several important provisions to boost our economy such as grants to retrofit closed factories for renewable energy manufacturing and various grants and tax credits to encourage businesses to attract and retain businesses.

In February 2010, I met with over 50 regional economic leaders for a forum on job creation and economic development at the Chippewa Valley Technical College. The meeting was conducted by the Partnership for a Stronger Economy (PSE), a venture initiated by Assembly Democrats that provides Wisconsin businesses with a sustained voice in state economic policy.

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