Manufacturing And Agriculture Credit Having Desired Effect
State Senator Dan Feyen says the release of a recent study shows the Manufacturing and Agricultural Credit is achieving the desired effect by creating more jobs. The state lawmaker from Fond du Lac says since its introduction in 2013 it has created a 4.6 percent increase in manufacturing jobs or roughly one job for every percentage of tax rate cut. That works out to 20,000 manufacturing jobs. Overall during that period 42,000 jobs were created. Feyen says there was a three-quarter of a percent increase in non-manufacturing jobs for each percentage of tax rate cut. The study by Center for Research on the Wisconsin Economy at the UW-Madison was released on April 19th.