nate24168
September 8th, 2009, 5:41 pm
MADISON, Wis. (AP) — Assembly Democrats want to pay for additional worker training and financial aid through a 1 percent income tax increase on those making more than $1 million.
State Rep. Cory Mason, a Democrat from Racine, announced the plan on Tuesday. The $145 million raised through the income tax would be used to get about $135 million in federal matching money.
Mason says the plan would provide additional financial aid and training to 40,000 Wisconsin residents.
Under the plan, grants would also be available to help small businesses retool to attract jobs. Additional money would also go toward tax credits to help startup businesses.
Mason says he hopes the Legislature passes the plan this fall.
How do you think this idea will work?
State Rep. Cory Mason, a Democrat from Racine, announced the plan on Tuesday. The $145 million raised through the income tax would be used to get about $135 million in federal matching money.
Mason says the plan would provide additional financial aid and training to 40,000 Wisconsin residents.
Under the plan, grants would also be available to help small businesses retool to attract jobs. Additional money would also go toward tax credits to help startup businesses.
Mason says he hopes the Legislature passes the plan this fall.
How do you think this idea will work?