Sunday, May 19, 2013
"Entitlements" - Another Republican-Manufactured "Crisis"
The Entitlement Crisis That Isn’t
There is No Entitlement Crisis
Social Security won't contribute to future budget deficits. By law, it can only spend money from the Social Security trust fund.Social Security Is Not the Problem
The figure below, from CBO, show that as a share of GDP, neither Social Security nor other spending (which includes the discretionary spending that everyone’s all gung ho to slash away at) are driving government spending as a share of the economy. It’s health care. And as I’ve stressed every time this comes up, that’s not a gov’t problem—that’s just a problem. In fact, health costs grow faster in the private than in the public sector.Washington thinks entitlements are the problem. Maybe they’re the answer.
There is No Entitlement Crisis
That the United States faces daunting long-term budget challenges is indisputable. But the very projections—those of the Congressional Budget Office—cited to document the long-term budget challenge, show that there is no general entitlement problem. Rather, the nation faces a daunting health care financing problem that bedevils private insurers and public programs alike.
Saturday, May 18, 2013
Scott Walker: Wisconsin's (Continually) Losing Bet
Taxpayers will pay more under Scott Walker health plan, study says
But really, what did you (Walker voters) expect? These (disastrous) results are typical of Republican governance.
For Further Reading:
The numbers show that Democrats are better for the economy than Republicans.
GOP Leaders Remind Voters the Economy Does Better Under Democrats
Gov. Scott Walker's proposed rejection of a federally funded expansion of state health programs would add some $50 million in costs to state taxpayers over the next two years, according to the Legislature's nonpartisan budget office.Lost jobs ... unused investment ... how much is Wisconsin willing to endure?
But really, what did you (Walker voters) expect? These (disastrous) results are typical of Republican governance.
For Further Reading:
The numbers show that Democrats are better for the economy than Republicans.
GOP Leaders Remind Voters the Economy Does Better Under Democrats
More Republican-Manufactured Distractions:The Overblown IRS Controversy
It’s important to review why the Tea Party groups were petitioning the I.R.S. anyway. They were seeking approval to operate under section 501(c)(4) of the Internal Revenue Code. This would require them to be “social welfare,” not political, operations. There are significant advantages to being a 501(c)(4). These groups don’t pay taxes; they don’t have to disclose their donors—unlike traditional political organizations, such as political-action committees. In return for the tax advantage and the secrecy, the 501(c)(4) organizations must refrain from traditional partisan political activity, like endorsing candidates.
If that definition sounds murky—that is, if it’s unclear what 501(c)(4) organizations are allowed to do—that’s because it is murky. Particularly leading up to the 2012 elections, many conservative organizations, nominally 501(c)(4)s, were all but explicitly political in their work. For example, Americans for Prosperity, which was funded in part by the Koch Brothers, was an instrumental force in helping the Republicans hold the House of Representatives. In every meaningful sense, groups like Americans for Prosperity were operating as units of the Republican Party. Democrats organized similar operations, but on a much smaller scale. (They undoubtedly would have done more, but they lacked the Republican base for funding such efforts.)
So the scandal—the real scandal—is that 501(c)(4) groups have been engaged in political activity in such a sustained and open way...
But let’s be clear on the real scandal here. The columnist Michael Kinsley has often observed that the scandal isn’t what’s illegal—it’s what’s legal. It’s what society chooses not to punish that tells us most about the prevailing ethical standards of the time. Campaign finance operates by shaky, or even nonexistent, rules, and powerful players game the system with impunity. A handful of I.R.S. employees saw this and tried, in a small way, to impose some small sense of order. For that, they’ll likely be ushered into bureaucratic oblivion.The Real Scandal Behind The IRS Controversy
Yes, the IRS employees in Cincinnati, looking for shortcuts to process the wave of applications, used conservative-themed catchwords to filter for groups that were perhaps too election-focused to merit 501(c)(4) status. But there is a plausible explanation for this: Most of the campaign-minded applications they were getting were conservative! This is a credit to the tea party movement, which for a while was generating levels of grassroots activism that the left could only envy. Why did the IRS not screen for “corporate greed” or “plutocracy” or “inequality”? Well, maybe because those words would have netted precious few applications to scrutinize.
Not to mention that the applications from tea party groups demanded special attention for another reason: These groups were proudly political! Even if you take at face value the movement’s initial claim to be something all its own, something more than just the conservative wing of the Republican Party, its whole purpose from the get-go was to orient American politics and government toward its constitutional roots by intervening in elections at all levels, starting with Republican Party primaries. The tea party groups’ whole mission called their suitability for 501(c)(4) status into question.Media Cries Foul Over IRS Tea-Party Action
Either way, the momentary "buzz" is now focused on how employees at the IRS Processing Office in Cincinnati, Ohio allegedly "targeted" Tea-Party groups seeking to gain 501.c.4 tax-status exemption certification. The Conservative based organizations declare they were targeted due to a deep dislike of President Barack Obama policies, including a vehement opposition to the Affordable Care Act.
These are important facts to remember when the media "echo-chamber"seeks to push the next "Independent Counsel Investigation" lasting until 2014 or 2016 election cycle. Our media resources would lead the public to believe Americans ability to place food on the tables with Congress purposed cuts to the Food Assistance program, is not pertinent enough to talk about. Especially when "underlying race based issues" come into play with the IRS/Tea-Party Targeting story.
Speaking of race and class issues with IRS Auditing procedures, the media would be wise to compare and contrast what happened in 2004, when the National Association of the Advancement of Color People (NAACP) via its' former President Julian Bondwas targeted by the IRS for the groups' opposition to the failed Iraq War, if they can find file footage that is. At least Democracy Now Amy Goodman was talking about this targeting effort of the NAACP back then.The Tea Party and the IRS “Scandal” The Actual Facts of the Case
While it is well-known that the so-called IRS scandal has been used by Tea Partiers to bash the IRS, less well known are the actual facts of the case.
Some of the flagged groups did have their tax-exempt status delayed or did face some additional scrutiny, but not a single group has been denied tax-exempt status.
A May 14 draft report by the Treasury Inspector General for Tax Administration found that none of the 296 questionable applicants had been denied, “For the 296 potential political cases we reviewed, as of December 17, 2012, 108 applications had been approved, 28 were withdrawn by the applicant, none had been denied, and 160 cases were open from 206 to 1,138 calendar days (some crossing two election cycles).”
In fact, the only known 501(c)(4) applicant to recently have its status denied happens to be a progressive group: the Maine chapter of Emerge America, which trains Democratic women to run for office. Although the group did no electoral work, and didn’t participate in independent expenditure campaign activity either, its partisan nature disqualified it from being categorized as working for the “common good.”...
These are but a few of the many examples of political intervention by Tea Party non-profits that IREHR has catalogued. There are many, many more. They’re not difficult to find. Rather than the so-called scandal cooked up by Tea Party groups, the real criticism of the IRS may be that it has let so many of these groups get away with what are apparently egregious violations.The Real IRS Scandal
The Other IRS Scandal
The IRS Was Dead Right To Scrutinize The Tea Party
Congress Put Pressure On IRS To Investigate Conservative Groups
Many Political Parties Should Not Be Tax Exempt
The Real IRS Scandal
Remember When The IRS Targeted Liberals?
The IRS Tea Party Scandal, Explained
Corporate Profits Up, Their Taxes Have Fallen
Ayn Rand USA: In 20 Years Corporate Profits Are Up 4X and Their Taxes Have Fallen by 50% -- Meanwhile the Workers' Payroll Tax Has Doubled
In the past twenty years, corporate profits have quadrupled while the corporate tax percent has dropped by half. The payroll tax, paid by workers, has doubled...
Companies call their CEO bonuses "performance pay" to get a lower rate. Private equity firms call fees "capital gains" to get a lower rate. Fast food companies call their lunch menus "intellectual property" to get a lower rate.
Prisons and casinos have stooped to the level of calling themselves "real estate investment trusts" (REITs) to gain tax exemptions. Stooping lower yet, Disney and others have added cows and sheep to their greenspace to get a farmland exemption...
The IRS estimated that 17 percent of taxes owed were not paid in 2006, leaving an underpayment of $450 billion. The revenue loss from tax havens approaches $450 billion. Subsidies from special deductions, exemptions, exclusions, credits, capital gains, and loopholes are estimated at over $1 trillion. Expenditures overwhelmingly benefit the richest taxpayers...
Only 3 percent of the CEOs, upper management, and financial professionals were entrepreneurs in 2005, even though they made up about 60 percent of the richest .1% of Americans. A recent study found that less than 1 percent of all entrepreneurs came from very rich or very poor backgrounds. Job creators come from the middle class.
So if the super-rich are not holding the world on their shoulders, what do they do with their money? According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate.
Subsidized Hotels
Construction is set to begin this coming spring on a hotel near Milwaukee's Mitchell International Airport after government officials in the area spent five years struggling to get a private developer interested in the project.
What tipped the balance? Officials in the small Milwaukee suburb of Oak Creek, Wis., came up with a $2.75 million tax break for the developer, Salita Development LLC...
Still, these hotels don't always perform well and they often generate criticism. For example, Greg Marcus, chief executive of Milwaukee-based Marcus Corp., is concerned that the new airport hotel and other such subsidized projects around the country will drain business from his 20 hotels, including his three in Milwaukee. The city's hotel market faces a 24% increase in its room count due to projects expected to complete construction over the next three years, according to Robert W. Baird & Co.
Mr. Marcus also points out that subsidized hotels carry less debt and thus can undercut their competitors' nightly rates. "When you build something for reasons other than supply and demand, you create imbalances in the system," he said. "That's why our government needs to be so careful with what they do" in subsidizing hotel development.
Friday, May 17, 2013
Scott Walker: Moving Wisconsin Backwards
[source]
Also:
The Not-So Fiscally Conservative Governor
A report by the non-partisan Wisconsin Taxpayers Alliance does an analysis using generally accepted accounting principles, or GAAP, to look at the overall state deficit. Walker cut it from $2.99 billion to $2.21 billion in 2012 and by this summer that is expected to drop to $2.06 billion.
But under the governor’s new budget, that figure is expected to increase to $2.36 billion by 2014 and $2.64 billion by 2015. Meanwhile he wants to greatly increase bonded debt. WisTax noted he is asking to issue an additional $2.1 billion in bonds, equal to 16% of all outstanding state debt.
The bonded indebtedness of the state has also risen steadily since the income tax was indexed. The WisTax report doesn’t go back to 1999 but does show the state debt has risen from $5.8 billion in 2002 to $13.6 billion in 2013, and that will jump to $15.7 billion if Walker’s budget is approved in this regard.
Sunday, May 12, 2013
Saturday, May 11, 2013
Wisconsin Reading
Other critics, though, say the job cuts suggest that waging war on public-sector worker unions, cutting funding for public education and proclaiming the state “open for business” won’t magically turn Wisconsin into a new economy powerhouse.
“What it says to me is that political rhetoric is irrelevant,” says Jack Norman, past research director at the Institute for Wisconsin’s Future.
Norman says companies make hiring and other decisions based on demand for their products and whether they can do business better in a different location. The effect of government policies is somewhere on the fringe, he says.
On the other hand, Norman says one could argue the cuts to public worker take-home pay and other cost-savings measures under Walker have actually made Wisconsin’s economy worse. Here is a graphic showing job growth in Wisconsin before and after he took office.
“I think we’re seeing a local version of the austerity vs. investment debate going on across the capitalist world,” says Norman. “And right now, some countries are getting rid of their austerity policies because they aren’t working.”
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Light rail from downtown Milwaukee to Waukesha? Republicans at the state killed it.
Kenosha-Racine-Milwaukee (KRM) commuter rail? Republicans at the state killed it.
Extending the Amtrak Hiawatha Service to Madison at 110 mph (with stops in Brookfield and Watertown)? Republicans at the state killed it.
Building a maintenance base for trainsets the state had already purchased from Talgo? Republicans at the state killed it.
Rebuilding the train shed at Milwaukee Intermodal Station? Republicans rejected federal funds to fix the non-ADA compliant shed and are now left with a situation that will cost Wisconsinites millions.
A streetcar starter system in downtown Milwaukee? Republicans killed it.
The common link? All the projects were proposed by Democrats, had a presence in the City of Milwaukee, and involved steel wheels on steel rails.
Since becoming Governor in 2010, Scott Walker will have effectively rejected over $1 billion in federal money for rail transportation projects. The loss of high-speed rail funds to connect Chicago, Madison, and Milwaukee represent $823 million. The KRM funds would have beenat least $140 million. Assuming Walker (who has made clear his opposition to the Milwaukee streetcar) ultimately supports the amendment proposed by the Joint Finance Committee, he will also be rejecting $54.9 million for the Milwaukee Streetcar, which is the last of a $289 million 1991 federal grant.
The Fiscal Bureau reports that case law is on the side of Milwaukee on the subject of residency, noting that the U.S. Supreme Court and various state courts "have tended to uphold the constitutionality of the municipal residency requirements, generally siding with the public interests of governments and its policy reasons for such requirements."
Sweeping aside a 75-year-old City of Milwaukee residency ordinance and others like it, Republicans on the Legislature's budget committee voted Thursday to allow police and firefighters to live at least 15 miles outside of any community in the state and bar utility ratepayers from having to bear any costs for a proposed streetcar in the city - potentially killing the project.
On several votes Thursday, the Joint Finance Committee loaded up the state budget with policy items that had little to do with Wisconsin's finances. Many of the other policy items also limited the powers of local governments, such as a measure barring them from regulating the size of sodas.GOP fakes up a controversy over the UW system's financial reserves
Opposition Group Zones In On Walmart's New Berlin Plans (Other Walmart reading: 1, 2, 3, 4)
The Facts Are In And Paul Ryan Is Wrong
The Facts Are In And Paul Ryan Is Wrong
Saturday, May 4, 2013
Embezzlement
Have you been paying attention to Scott Walker's initiative to supposedly spur job growth? Transforming the Wisconsin Department of Commerce into the Wisconsin Economic Development Corporation? Yes, even though Republicans always claim government doesn't know what it's doing and must get out of the way. When Republicans are in office, suddenly an entity of their making is the answer for explosive job creation.
In January 2011 Good Job First released, Public-Private Power Grab: The Risks in Privatizing State Economic Development Agencies (which I wrote about in February 2011).
In January 2011 Good Job First released, Public-Private Power Grab: The Risks in Privatizing State Economic Development Agencies (which I wrote about in February 2011).
The idea is far from new but it is not a common or standard practice. Economic development PPPs date back more than 20 years, but only seven states currently allow private entities to control their business recruitment functions: Florida, Indiana, Michigan, Rhode Island, Utah, Virginia and Wyoming.
Several other states previously employed PPPs but abandoned them because of performance problems. Most of the seven states that currently make use of economic development PPPs have experienced a variety of performance problems. These include the following:
- Misuse of taxpayer funds (Rhode Island, Florida and Wyoming);
- Excessive executive bonuses (Virginia, Florida, Michigan and Wyoming);
- Questionable subsidy awards by the subset of PPPs that have a role in that process (Michigan and Rhode Island);
- Conflicts of interest in subsidy awards (Florida, Utah and Texas, which makes limited use of PPPs);
- Questionable claims by the PPP about its effectiveness (Wyoming, Florida, Utah and Indiana); and
- Resistance to accountability (Florida and Michigan).
I followed up on my initial posting with more critiques, ending with Wisconsin Economic Development: Walker's Untraceable Slush Fund. This is what Republicans do. They use government to enrich themselves and their cronies. They really have no concern for public policy and governing. The government is simply a means to easy-money for their pilfering and pet projects.
And now the verdict is in...
More evidence of corruption and misappropriation:
(Anti) Democracy & (Not) Counting Votes - Welcome To Republican Governance
North Carolina Republicans Push Through Anti-Renewable Energy Bill in 'Banana Republic' Vote
Democrats in North Carolina say they could have defeated a bill to repeal renewable energy subsidies on Wednesday if Republicans had not pushed it through committee without counting the votes.
The state Senate Finance Committee debated the bill to end the state's 6-year-old renewable energy program for over 40 minutes before Republican chairman Bill Rabon called for a motion.
"It's still a factor that renewable energy sources really don't provide a constant reliable source of electricity to be put into the grid and that means that we still have to have the baseload plant cost into delivering electricity so that anytime that switch is turned on, there has to be power there," bill supporter state Sen. Bob Rucho (R) argued. "So with that being said, I move for a favorable report."
As one lawmaker shouted out to have the votes co"unted by a show of hands, Republican chairman Bill Rabon called for the yeas and nays, decided that the motioned carried and then gaveled the hearing to a close.
"Opponents of the bill shouted 'No!' when voting to show their frustration at Republican chairman Bill Rabon’s refusal to count votes with a show of hands," the Raleigh News & Observer noted. "In what was clearly a razor-thin margin, both sides said they would have won if the votes had been counted."
"North Carolina is not a banana republic," Sen. Josh Stein (D) complained following the hearing. “That was no way to run a proceeding.”
Republican Sen. Andrew Brock said that opponents yelled "No!" so loudly that they must have confused the meeting with the “Spivey’s Corner Hollerin’ Contest.”
Environmental advocates have suggested that Republicans based the bill on model legislation from the American Legislative Exchange Council (ALEC). Republican state Rep. Mike Hager, who authored the bill, is an ALEC member.Does this remind anyone of the tactics used by Wisconsin Republicans pushing through Scott Walker's agenda?
The Lingering Failures Of Scott Walker
James Rowen, of The Political Environment, wrote:
What jobs-deprived Wisconsin lost when Walker shut down at the Talgo plant in a low-income Milwaukee neighborhood is flourishing just across the border in Illinois:
“High speed rail is coming to America and some of that equipment will be built right here in Rochelle,” U.S. Department of Transportation Secretary Ray LaHood said. “What a great thing for our state and what a great opportunity to put our friends and neighbors to work."
Noted in March, here:
...Illinois is celebrating the news that $808 million for new trains will be managed or built in Illinois for delivery to five states - - with manufacturing to take place at a plant in Rochelle, IL that is about 25 miles south of Beloit:
Locomotives capable of exceeding the 110-mph speed limit on the passenger rail corridor between Chicago and St. Louis will be bought for Illinois and four other states under a process the Illinois Department of Transportationwill lead, officials said Thursday.
The Federal Railroad Administration selected IDOT to manage the multistate procurement of at least 35 next-generation locomotives for high-speed rail corridors in Illinois
Pat Quinn said.The Illinois Governor spelled it out:
Today’s announcement is part of the governor’s commitment to bring Illinois’ and our nation’s transportation systems into the 21st century.
“This decision by the federal government is a testament to Illinois’ role as a national leader in high-speed rail,” Governor Quinn said. “This important multi-state procurement is a key to success for high-speed rail throughout the nation, and I have directed my administration to move forward quickly.”More lost jobs for Wisconsin, where Walker's 250,000 new jobs promise is failing in part because he killed rail construction, manufacturing, R&D and repair employment in our state.Yet another example of the tremendous failure Scott Walker and the Republicans are when it comes to job creation, long-term planning, and public policy.
Monday, April 29, 2013
Saturday, April 27, 2013
Weekend Reading
Why Not Worry About The Deficit Right Now?
The Great Tax Cut Experiment
Government Interest Expense on Debt Outstanding Relative to GDP
Best Craft Brew States In America
7. Wisconsin, 75 craft breweries
With a Major League Baseball team called the Brewers, it's a safe bet you'll find a good beer to drink in Wisconsin. Sure, Wisconsin's home to the likes of Pabst Blue Ribbon -- hardly a craft beer -- but you'll find a slice of microbrew heaven at Ale Asylum in Madison, Lakefront Brewery in Milwaukee and plenty more.
With a Major League Baseball team called the Brewers, it's a safe bet you'll find a good beer to drink in Wisconsin. Sure, Wisconsin's home to the likes of Pabst Blue Ribbon -- hardly a craft beer -- but you'll find a slice of microbrew heaven at Ale Asylum in Madison, Lakefront Brewery in Milwaukee and plenty more.
Thursday, April 25, 2013
Interstate Job Fraud
State and local governments waste billions of dollars each year on economic development subsidies given to companies for moving existing jobs from one state to another rather than focusing on the creation of truly new positions, according to a study released today by Good Jobs First, a non-profit, nonpartisan research center based in Washington, DC.
“What was long ago dubbed a Second War Between the States is, unfortunately, raging again in many parts of the country,” said Greg LeRoy, executive director of Good Jobs First and principal author of the report. “The result is a vast waste of taxpayer funds, paying for the geographic reshuffling of existing jobs rather than new business activity. By pretending that these jobs are new, public officials and the recipient companies engage in what amounts to interstate job fraud.” [Study: States Waste Billions Luring Jobs from Each Other]Good Jobs First report, The Job Creation Shell Game:
This study describes how state and local governments waste billions of dollars each year on economic development subsidies given to companies for moving existing jobs from one state to another rather. It also looks at how the existence of relocation subsidies emboldens some large companies to demand large job blackmail subsidies to stay put. The report offers policy recommendations to address the problem.For more on wasteful corporate subsidies, see Good Jobs First's Paying Taxes To The Boss:
As Americans file their state income tax returns this month, some may dislike paying taxes but most take heart from the fact that their dollars support public schools and colleges, roads and transit, health care and public safety. However, for some people, the personal income taxes they see deducted from their paychecks aren’t supporting public services. Indeed, this is true for workers at more than 2,700 companies in 16 states.
Nearly $700 million is getting diverted each year. And it is very unlikely that the affected workers are aware, given that no state requires that the diversion be disclosed on pay stubs.
Where is the money going? To the employers of those workers. A growing number of states are diverting revenue traditionally devoted to funding essential government services to pay for lavish subsidy awards to corporations for job creation or sometimes simply job retention. The practice of redirecting large portions of the state personal income tax (PIT) withholding deducted from paychecks means many workers are, in effect, paying taxes to their boss.
Along with the worker deception, many of the programs are entwined with two of the most controversial practices in economic development: the economic war among the states and job blackmail. Many PIT diversions are paying corporations to simply relocate existing jobs from one state to another; others are used by states when they capitulate to companies that threaten to move to another state.
Monday, April 22, 2013
Sunday, April 21, 2013
Selling Entrepreneurialism
With all this talk of entrepreneurialism as the savior for the Wisconsin economy, I thought it might be interesting to take a look at some Wisconsin companies - size, performance, etc. Wisconsin, especially for its size, is home to numerous renowned, global, and Fortune 500 companies. Many are older, well-known companies, but there are also many newer, up-and-coming businesses.
Opening new businesses for the sake of claiming whatever number of new businesses have opened doesn't mean much if the majority of those companies close within a year or two. Studies have shown that although Wisconsin may not create as many companies, the ones that are born here tend to last and grow better than those in many other states. "The numbers suggest that Wisconsin is doing well when it comes to nurturing those companies that do get launched there," Eric Thompson, a University of Nebraska researcher, said. "Your entrepreneurs tend to be good at staying in business."
Doug Henwood elaborates, "The small business myth is probably the most durable and pervasive of all. It holds appeal across the political spectrum, from corporate lobbyists trying to sell tax breaks to postmodern New Agers trying to sell their vision of decentralization and local self-reliance...Small firms pay less than large ones, are less likely to offer health, pension, or child care benefits, and are often more dangerous to workers. With few exceptions, they're not all that innovative technologically...37% of the labor force changes its employment status every year...new jobs do not sprout in the greatest numbers at either fresh start-ups or small firms...Smaller employers do generate plenty of jobs, but they also destroy them in great quantities. If you add together creation and destruction, no clear picture emerges."
We also shouldn't forget that Montana, Vermont, Alaska, New Mexico, Mississippi, Idaho, Louisiana, and Kentucky are often ranked near the top of entrepreneurial lists. Yet these are hardly the places most would think of in regards to start-ups, innovation and technology.
From CNN Money
The Top Companies in Wisconsin on the 2012 Inc. 5000
The Wisconsin 75 is an annual ranking and recognition of the largest closely held companies headquartered in Wisconsin. The list ranks the Top 75 companies by revenue, as determined by a voluntary submission of a qualifications form.
Wisconsin has 9 companies on Forbes Global 2000 (the 2000 biggest companies in four metrics; sales, profits, assets and market value).
Opening new businesses for the sake of claiming whatever number of new businesses have opened doesn't mean much if the majority of those companies close within a year or two. Studies have shown that although Wisconsin may not create as many companies, the ones that are born here tend to last and grow better than those in many other states. "The numbers suggest that Wisconsin is doing well when it comes to nurturing those companies that do get launched there," Eric Thompson, a University of Nebraska researcher, said. "Your entrepreneurs tend to be good at staying in business."
Doug Henwood elaborates, "The small business myth is probably the most durable and pervasive of all. It holds appeal across the political spectrum, from corporate lobbyists trying to sell tax breaks to postmodern New Agers trying to sell their vision of decentralization and local self-reliance...Small firms pay less than large ones, are less likely to offer health, pension, or child care benefits, and are often more dangerous to workers. With few exceptions, they're not all that innovative technologically...37% of the labor force changes its employment status every year...new jobs do not sprout in the greatest numbers at either fresh start-ups or small firms...Smaller employers do generate plenty of jobs, but they also destroy them in great quantities. If you add together creation and destruction, no clear picture emerges."
We also shouldn't forget that Montana, Vermont, Alaska, New Mexico, Mississippi, Idaho, Louisiana, and Kentucky are often ranked near the top of entrepreneurial lists. Yet these are hardly the places most would think of in regards to start-ups, innovation and technology.
From CNN Money
Here's a list of Wisconsin's largest public companies: 1. Johnson Controls Inc. – Glendale, WI – www.johnsoncontrols.com 2. Manpower Inc. – Milwaukee, WI – www.us.manpower.com 3. Kohl’s Corp. – Menomonee Falls, WI – www.kohls.com 4. Oshkosh Corp. – Oshkosh, WI – www.oshkoshtruckcorporation.com 5. Harley‐Davidson Inc. – Milwaukee, WI – www.harley‐davidson.com 6. Rockwell Automation Inc. – Milwaukee, WI – www.rockwellautomation.com 7. Fiserv Inc. – Brookfield, WI – www.fiserv.com 8. Manitowoc Co. Inc. – Manitowoc, WI – www.manitowoc.com 9. Wisconsin Energy Corp. – Milwaukee, WI – www.wisconsinenergy.com 10. Marshall & Ilsley Corp. – Milwaukee, WI – www.micorp.com 11. Bemis Co. Inc. – Neenah, WI – www.bemis.com 12. Alliant Energy Corp. – Madison, WI – www.alliantenergy.com 13. Joy Global Inc. – Milwaukee, WI – www.joyglobal.com 14. Snap‐on Inc. – Pleasant Prairie, WI – www.snapon.com 15. Bucyrus International Inc. – South Milwaukee, WI – www.bucyrus.com 16. A.O. Smith Corp. – Milwaukee, WI – www.aosmith.com 17. Regal‐Beloit Corp. – Beloit, WI – www.regal‐beloit.com 18. Briggs & Stratton Corp. – Wauwatosa, WI – www.briggsandstratton.com 19. Plexus Corp. – Neenah, WI – www.plexus.com 20. MGIC Investment Corp. – Milwaukee, WI – www.mgic.com 21. Metavante Technologies Inc. – Brown Deer, WI – www.metavante.com 22. Actuant Corp. – Butler, WI – www.actuant.com 23. Brady Corp. – Milwaukee, WI – www.bradycorp.com 24. Associated Banc‐Corp – Green Bay, WI – www.associatedbank.com 25. Modine Manufacturing Co. – Racine, WI – www.modine.com 26. Sensient Technologies Corp. – Milwaukee, WI – www.sensient‐tech.com 27. Wausau Paper Corp. – Mosinee, WI – www.wausaupaper.com 28. School Specialty Inc. – Greenville, WI – www.schoolspecialty.com 29. Marten Transport Ltd. – Mondovi, WI – www.marten.com 30. MGE Energy Inc. –Madison, WI – www.mgeenergy.com 31. Journal Communications Inc. – Milwaukee, WI – www.journalcommunications.com 32. Ladish Co. Inc. – Cudahy, WI – www.ladishco.com 33. National Presto Industries Inc. – Eau Claire, WI – www.gopresto.com 34. Johnson Outdoors Inc. – Racine, WI – www.johnsonoutdoors.com 35. The Marcus Corp. – Milwaukee, WI – www.marcuscorp.com 36. Anchor BanCorp Wisconsin Inc. – Madison, WI – www.anchorbank.com 37. Twin Disc Inc. – Racine, WI – www.twindisc.com 38. Badger Meter Inc. – Brown Deer, WI – www.badgermeter.com 39. Great Wolf Resorts Inc. – Madison, WI – www.greatwolfresorts.com 40. Assisted Living Concepts Inc. – Menomonee Falls, WI – www.alcco.com 41. Weyco Group Inc. – Milwaukee, WI‐ www.weycogroup.com 42. TomoTherapy Inc. – Madison, WI – www.tomotherapy.com 43. Bank Mutual Corp. – Brown Deer, WI – www.bankmutualcorp.com 44. Strattec Security Corp. – Milwaukee, WI – www.strattec.com 45. Renaissance Learning Inc. – Wisconsin Rapids, WI – www.renlearn.com 46. Waterstone Financial Inc. – Wauwatosa, WI – www.wsbonline.com 47. Tufco Technologies Inc. – Green Bay, WI – www.tufco.com 48. Magnetek Inc. – Menomonee Falls, WI – www.magnetek.com 49. Orion Energy Systems Inc. – Manitowoc, WI – www.oriones.com 50. Baylake Corp. – Sturgeon Bay, WI – www.baylake.com
Here's a list of Wisconsin largest public and private employers:
|
The Top Companies in Wisconsin on the 2012 Inc. 5000
| RANK | COMPANY NAME | 3-YEAR % GROWTH | REVENUE (millions) | STATE |
|---|---|---|---|---|
| 79 | Dynamic Recycling | 3,530% | $7.1 million | WI |
| 398 | Quincy Bioscience | 937% | $12.7 million | WI |
| 544 | RevolutionEHR | 685% | $2 million | WI |
| 663 | Facility Gateway | 542% | $11.5 million | WI |
| 689 | Stella & Chewy's | 516% | $11.9 million | WI |
| 876 | Authenticom | 380% | $14.6 million | WI |
| 1019 | Commercial Bargains | 310% | $2.2 million | WI |
| 1131 | BizLab | 279% | $21.5 million | WI |
| 1251 | TRC Global Solutions | 247% | $25.2 million | WI |
| 1266 | Millennium | 243% | $28.1 million | WI |
| 1364 | Delta Media | 224% | $7.5 million | WI |
| 1506 | True Process | 197% | $7.8 million | WI |
| 1636 | Beyond The Office Door | 179% | $2.4 million | WI |
| 1692 | TMI Consulting | 170% | $3.2 million | WI |
| 1711 | Midwest Prototyping | 167% | $2.8 million | WI |
| 1753 | ESC Services | 163% | $3 million | WI |
| 1834 | Tim O'Brien Homes | 152% | $21 million | WI |
| 1959 | Forte Research Systems | 138% | $7.2 million | WI |
| 2048 | Heartland Business Systems | 129% | $135.7 million | WI |
| 2073 | Zeon Solutions | 127% | $9.1 million | WI |
| 2210 | SASid Insurance Development | 116% | $4.2 million | WI |
| 2225 | Solaris | 115% | $3.5 million | WI |
| 2550 | Centare | 95% | $10.3 million | WI |
| 2763 | Codeworks | 84% | $24.5 million | WI |
| 2877 | Networkers Funding | 79% | $3.3 million | WI |
| 2927 | Waukesha Metal Products | 76% | $27.3 million | WI |
| 2986 | JGear | 73% | $5.6 million | WI |
| 3038 | Elite Human Capital Group | 71% | $5.7 million | WI |
| 3215 | Batteries Plus | 64% | $164.8 million | WI |
| 3279 | Quest CE | 61% | $3.1 million | WI |
| 3339 | New Glarus Brewing | 58% | $26.4 million | WI |
| 3341 | ABC Supply | 58% | $4.6 billion | WI |
| 3405 | Campbellsport Building Supply | 56% | $57.2 million | WI |
| 3445 | New Resources Consulting | 55% | $16.7 million | WI |
| 3461 | First Edge Solutions | 55% | $9 million | WI |
| 3513 | Alpha Source | 53% | $18.6 million | WI |
| 3547 | Americollect | 52% | $6.8 million | WI |
| 3681 | Superior Support Resources | 47% | $5.3 million | WI |
| 3753 | Wireless Logic | 44% | $7.1 million | WI |
| 3763 | Synergy Consortium Services | 44% | $8.3 million | WI |
| 3788 | Ascential Service | 43% | $22.5 million | WI |
| 3794 | Doig | 43% | $12.1 million | WI |
| 3917 | OnCourse Learning | 39% | $24.4 million | WI |
| 4049 | DiscountRamps.com | 35% | $20.7 million | WI |
| 4087 | QPS Employment Group | 33% | $114.1 million | WI |
| 4121 | Symmetry | 32% | $12.2 million | WI |
| 4152 | TAPCO | 31% | $36.2 million | WI |
| 4154 | Batzner Pest Management | 31% | $9.1 million | WI |
| 4226 | Enviro-Safe Consulting | 29% | $2.9 million | WI |
| 4267 | Advanced Waste Services | 29% | $39.2 million | WI |
| 4303 | Standard Process | 27% | $124.4 million | WI |
| 4361 | Huberty & Associates | 26% | $3.4 million | WI |
| 4442 | Mantz Automation | 23% | $19.7 million | WI |
| 4475 | Prefinished Staining Products | 22% | $2.1 million | WI |
| 4487 | Jung Express | 22% | $9.3 million | WI |
| 4490 | Spectrum Industries | 22% | $29.9 million | WI |
| 4527 | Crystal Finishing Systems | 20% | $88 million | WI |
| 4577 | Goff's Enterprises | 19% | $6 million | WI |
| 4591 | Northwire - NWI Lab 360 | 19% | $47.9 million | WI |
| 4635 | InForm Product Development | 17% | $2.9 million | WI |
| 4659 | HUSCO International | 17% | $272.8 million | WI |
| 4743 | InPro | 13% | $93.4 million | WI |
| 4791 | Fi-Med Management | 12% | $6.4 million | WI |
| 4809 | Graphics Systems | 12% | $11.1 million | WI |
| 4872 | Seaway Printing Company | 9% | $5.1 million | WI |
| 4928 | Trident Contract Management | 8% | $8.8 million | WI |
| 4969 | Data Dimensions | 6% | $21.9 million | WI |
1. S.C. Johnson & Son Inc., Racine
2. U.S. Venture, Inc., Kimberly
3. Kohler Co., Kohler
4. ABC Supply Co. Inc, Beloit
5. Quad/Graphics, Sussex
6. Kwik Trip, Inc., La Crosse
7. Schneider National Inc., Green Bay
8. Ashley Furniture Industries, Inc., Arcadia
9. Sentry Insurance, Stevens Point
10. Uline, Pleasant Prairie
11. Menasha Corporation [1], Neenah
12. Charter Manufacturing Company Inc., Mequon
13. Green Bay Packaging Inc., Green Bay
14. Sargento Foods Inc., Plymouth
15. The DeLong Co. Inc., [4] Clinton
16. Robert W. Baird & Co., Milwaukee
17. Trek Bicycle Corporation, Waterloo
18. Appleton, Appleton
19. ACUITY, Sheboygan
20. Masters Gallery Foods, Inc., Plymouth
21. Johnsonville Sausage, LLC, Sheboygan Falls
22. Bergstrom Automotive, Neenah
23. West Bend Mutual Insurance Co., West Bend
24. Boucher Automotive Group, Greenfield
25. Greenheck Fan Corporation, Schofield
26. Miron Construction Co., Inc., Neenah
27. Rockline Industries Inc., Sheboygan
28. Lakeside Foods Inc., Manitowoc
29. Hydrite Chemical Co., Brookfield
30. Adelman Travel Group, Milwaukee
31. Windway Capital Corp., Sheboygan
32. The Boldt Company, Appleton
33. Husco International, Inc., Waukesha
34. Ewald Automotive Group, LLC, Milwaukee
35. J.P. Cullen & Sons, Inc., Janesville
36. Miller Compressing Company, Milwaukee
37. Edward H. Wolf & Sons, Inc., Slinger
38. Meridian Industries Inc., Milwaukee
39. JX Enterprises Inc., Pewaukee
40. Quality State Oil Co. Inc., Sheboygan
41. C.D. Smith Construction, Inc. *, Fond du Lac
42. Bauer Built Inc., Durand
43. Gehl Foods, Inc. *, Germantown
44. Werner Electric Supply Co., Neenah
45. First Supply LLC, Madison
46. Electronic Theatre Controls, Inc., Middleton
47. Palermo Villa, Inc., Milwaukee
48. Wausau Supply Company, Schofield
49. J.F. Ahern Co., Fond du Lac
50. Mayville Engineering Co. Inc., Mayville
51. Gustave A. Larson Company, Pewaukee
52. Gordon Flesch Company Inc., Madison
53. Everbrite, LLC, Greenfield
54. Hunzinger Construction Co., Brookfield
55. Serigraph Inc., West Bend
56. Herzing University, Milwaukee
57. Standard Process, Inc. [3], Palmyra
58. W.T. Walker Group, Inc., Milwaukee
59. Inland Power Group, Inc., Butler
60. Kolbe & Kolbe Millwork Co. Inc., Wausau
61. Placon Corporation, Fitchburg
62. QPS Employment Group, Brookfield
63. Derse, Inc., Milwaukee
64. Western States Envelope and Label, Butler
65. Baptista’s Bakery, Inc. *[2], Franklin
66. Zilber Ltd., Milwaukee
67. Miller-St. Nazianz, Inc., St. Nazianz
68. InPro Corporation * [5], Muskego
69. Badger Truck Center, Inc., Milwaukee
70. Holz Motors Inc., Hales Corners
71. Dental Associates, Wauwatosa
72. Engman-Taylor Company, Inc., Menomonee Falls
73. Eggers Industries, Two Rivers
74. Shorewest, Realtors, Brookfield
75. Super Steel LLC *, Milwaukee
Wisconsin has 9 companies on Forbes Global 2000 (the 2000 biggest companies in four metrics; sales, profits, assets and market value).
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