Businesses Push for Manufacturing and Agriculture Credit
Mark Mortensen, President of All-Color Powder Coating, Inc. was interviewed by Spectrum News 1 about the Manufacturing and Agriculture Tax Credit (MAC). The MAC passed the Legislature in 2011 as part of the budget package. However, some companies worry Gov. Tony Evers’ spending plan would basically repeal their portion of that tax credit, causing a $650 million tax increase on businesses across the state. The way Mark sees it, reducing or repealing the credit amounts to raising taxes which doesn’t make sense to him when there’s such a large projected surplus. All-Color uses the MAC to increase wages, hire additional people and invest in new equipment to make them more competitive. The noise that the money goes into business owners pockets is incorrect and needs to be understood by the public.
You can watch the piece that aired on Spectrum News 1 by Anthony Dabruzzi on April 13, 2023 here. The Wisconsin Manufacturers Chamber (WMC) also released a Spectrum News 1 MAC Interview in their weekly newsletter.