Senate Protects Businesses from Stealth Tax Hikes
Madison – Businesses awarded federal loans to protect employees from layoffs during the pandemic lockdown are facing a stealth tax hike from Governor Evers. On Tuesday, the Wisconsin State Senate voted to stop that unanticipated tax hike. State Senator Alberta Darling says she hopes Governor Evers sides with businesses and not bureaucrats.
“We lost too many businesses already to the shutdown, this tax hike would only make it worse. A tax hike now may lead to the job losses the loans were intended to prevent,” Darling said, “The emergency loans from the federal government were meant to be a lifeline to save businesses and jobs. It was never intended to be a slush fund for government.”
According to data collected by the Small Business Administration, Wisconsin businesses seeking loans claimed they would retain nearly one-million employees.
Senator Darling represents portions of Milwaukee, Ozaukee, Washington, and Waukesha Counties.