Walker Administration Presents Proposal To Kimberly-Clark To Curtail Layoffs

Governor Scott Walker’s administration has presented Kimberly-Clark the outline of a proposed tax break that it hopes will convince the company to halt its plans to cut more than 600 jobs in northeast Wisconsin. Wisconsin Economic Development Corporation head Mark Hogan sent the letter to the company today (Thursday). The proposal includes a 17-percent refundable tax credit on wages for 15 years, 15 percent refundable tax credits for capital expenses over five years and a five-year sales tax exemption on those expenses. The offer would require approval from the state legislature.