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Small Business Applauds Walker's Call for Income Tax Cut

Wisconsin's leading organization for small business owners supports Governor Walker's plan for cutting income taxes.

Madison  – The state’s leading organization of small business owners this week expressed strong support for Governor Scott Walker’s call for an income tax cut as part of his State of the State Address.

 

“Governor Walker clearly does not intend to be complacent about the progress that we’ve made in recent years,” said Bill G. Smith, Wisconsin State Director for the National Federation of Independent Business (NFIB).  “He understands the need to stay ahead of the competition by making Wisconsin the most attractive state in the country for small business.”

 

Walker this evening called on the Legislature to approve a middle-class tax cut this year in order to boost the state’s economy.

 

“That’s very important for small businesses because the vast majority of them pay their taxes as individual filers,” said Smith.  “A cut in the income tax provides direct relief to small businesses.”

 

Walker noted that while unemployment is down since he took office and while new business formations have accelerated, there is more work to be done. 

 

Last year he ordered his administration to make a top-to-bottom assessment of its regulations with the aim of eliminating or modifying many.  Tonight he released a report identifying 300 bureaucratic rules that can be scrapped or streamlined.

 

“One of the biggest challenges for small business owners, and one of the costliest burdens, is regulatory compliance,” said Smith.  “This is an extremely positive sign and it signals to the rest of the country that Wisconsin is serious about encouraging of small business and creating the environment for small business formation.”

 

Another initiative announced by the Governor would create a state program to connect skilled workers with employers who need them.  Smith noted that finding qualified workers is a major concern for small businesses in Wisconsin.

 

“A substantial percentage of our members report that they are having a hard time finding workers with the skills to fill jobs that are available,” he explained.  “The program envisioned by the Governor would benefit small employers that need workers to grow and it would be a blessing to job seekers who are searching for chance to work.”

 

Overall small business gives the Governor high marks for his focus on tax relief, regulatory relief and pro-growth policies, said Smith. 

 

“Governor Walker has done a lot more than talk about jobs and the economy,” he said.  “He’s been reaching out to small businesses for two years and he’s been listening to their concerns.  The program that he advanced this evening is an extension of that effort and small businesses are very pleased.”

 

For more information about NFIB, please visit www.nfib.com.

 

 

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