WMC’s Executive Vice President of Government Relations joined Vicki McKenna to give an update on the Line 5 ruling and the recently passed tax cuts.
Recently, a federal judge ruled that Enbridge must shut down a section of the Line 5 pipeline. Line 5 is critical to the upper Midwest’s energy infrastructure and is vital to Wisconsin’s economy. The pipeline moves up to 540,000 barrels of energy products each day that are used throughout the region. To transport the equivalent by tanker truck, it would require 2,100 trucks traveling across northern Wisconsin roads each day – equal to 90 trucks leaving the Superior terminal each hour.
Additionally, the Joint Finance Committee (JFC) recently passed a proposal that would cut income taxes in Wisconsin.
“It’s a good thing. People will have more money in their pockets,” Manley said. “The data tells us that states with a lower tax rate have more people move to their state. We don’t have enough people here, and having an attractive and competitive tax structure is absolutely a way to address that issue.”