Contact: Tom Evenson, (608) 267-7303
Madison – Governor Scott Walker today addressed job creators at the Wisconsin Manufacturers & Commerce Business Day in Madison. Governor Walker highlighted the state’s improving economy and expressed his plans for future growth.
“Today, 95 percent of job creators feel our state is moving in “the right direction.” In 2010, only 10 percent thought Wisconsin was moving forward,” Governor Walker said. “The positive outlook is great news, but our work is not done. We will not let up until every person in this state who wants a job has a job.”
Governor Walker announced his Blueprint for Prosperity plan during the 2014 State of the State address, following news of the state’s $911 million surplus, created by a strong economic recovery and long-term structural reforms yielding results. Private sector job growth from April to November was the best in nearly 20 years.
Blueprint for Prosperity:
Cut property taxes by $406 million. The typical homeowner will see an actual reduction of $101 dollars on their next property tax bill.
Cut income taxes by $98.6 million. Targeted to the lowest income tax bracket. Savings for a typical family of four making $40,000, will be $58. No one will get a bigger savings than that.
Adjust withholding for state income taxes by $322.6 million, so you can keep more of your hard-earned paycheck. Beginning in April, a typical family of four will see $57.90 more in their paychecks each month.
Increase the Wisconsin Fast Forward program by $35 million to focus on three new areas:
— Invest in technical colleges to eliminate waiting lists for high demand fields including manufacturing, agriculture and Information Technology;
— Help high school students get training in high demand jobs through dual enrollment programs between our high schools and technical colleges;
— Support the Year of the Better Bottom Line initiative, which helps people with disabilities enter the workforce.
For more information on the Blueprint to Prosperity, go to Prosperity.WI.gov.
