Members of the Joint Finance Committee voted unanimously Friday morning to add a jobs package into the state budget in an attempt to fuel economic growth in
Components of the package, which was introduced by Sen. Julie Lassa, D-Stevens Point, include stimulus for research, small businesses, farming and incentives for companies to keep jobs in
“There’s no question that we’re currently facing unprecedented fiscal challenges, including the large budget deficit and the large number of unemployed workers. We’re doing everything we can to generate jobs and stimulate the economy,” said Sen. Mark Miller, D-Monona, co-chair of the Joint Finance Committee.
A key portion of the package would assist small businesses on the forefront of research development in gaining funds from the Federal government.
The package also provides funding for
“One of the biggest things we can do to help find jobs for unemployed people is by identifying areas for possible growth, so that we’d increase our economic competitiveness,” Lassa said.
Another part of the package provides incentives for “farm-shoring.” Under the policy, the government would encourage keeping agricultural production within the
Although Lassa championed the package, she said representatives and senators from both sides of the aisle worked hard to ensure the package would be beneficial to the large number of displaced workers in
“I think members of both parties recognize the seriousness of the economic situation we’re in, and we’ve seen a lot of bipartisan support on this issue,” Lassa said.
Although the package was voted on unanimously, committee member Rep. Robin Vos, R-Racine said he is skeptical of the effect the package will have, adding issues including the large amount of unemployment are often politically exploited.
Vos added the package is not comprehensive enough to make a large difference to the growing number of unemployed citizens in
“Calling this a jobs package is like calling fast food a gourmet meal,” Vos said.
While Vos said the move is a positive first step, he added he thinks cutting taxes and lobbying legislature would be more beneficial.
Despite the differences in how they view the package, both Vos and Lassa said they are confident it will pass.
The two also said
“There’s been a large amount of interest in how to recover from this crisis, and how we’ll be able to compete in the future. The work ethic and commitment of