State Senate OKs Bill Increasing Taxes On Multistate Businesses
Assembly Expected To Pass Measure Wednesday
Updated: 1:27 pm CST February 18, 2009
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READ: Visit Channel 3000's Politics SectionREAD: Channel 3000's "Reality Check" SeriesINTERACTIVE: Write Your Rep.VISIT: Follow Money In PoliticsMADISON, Wis. -- A $215 million tax on large multistate businesses has cleared the state Senate with no Republican support.The plan pushed by Democratic Gov. Jim Doyle is slated to pass the Democratic-controlled Assembly later on Wednesday.Doyle introduced the proposal last week and is expected to sign it before Friday.The fast-tracked bill is urgently needed to start reducing the state's budget shortfall, which is projected to grow to $5.7 billion by mid-2011.The bill passed by the Senate would cut $700 million off of that, with the rest made up in a two-year spending plan Doyle introduced on Tuesday.Republicans and the state's business community rallied against tax increases, saying they are the wrong approach in a recession.
Previous Stories:
- February 18, 2009: Doyle's Budget Proposal Calls For Earlier Release For Inmates
- February 18, 2009: Doyle Proposes Mixed Methods To Solve Budget Shortfall
- February 17, 2009: Doyle To Release Budget Plan Tuesday
- February 12, 2009: Doyle: State To Get $3.5 Billion Under Stimulus
- February 10, 2009: Governor's Cabinet Won't Accept Pay Raises
- February 9, 2009: Doyle To Address Business Leaders On State Budget
- February 4, 2009: Doyle Pushes Back Release Of Budget 1 Week
- December 30, 2008: Doyle: Budget, Stimulus Spending Will Be Top Concerns Next Year
- December 12, 2008: Doyle 'Cautiously Hopeful' About Federal Aid
- December 2, 2008: Doyle Says Federal Bailout Only Part Of Solution
- November 29, 2008: Robson Asks Doyle To Include Smoking Ban In Budget
- November 21, 2008: Wisconsin Faces Worst Budget Shortfall In State History
- November 11, 2008: Governor Delivers More Economic Bad News
- October 16, 2008: Doyle Says Budget Woes May Force Job Cuts
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