Journal Sentinel Warns on tax breaks for insurance companies

What isn’t nearly as sensible is what legislators are calling the Jobs Now Fund, which would provide hundreds of millions of dollars in tax breaks to insurance companies, while giving control of the $250 million fund to out-of-state companies that would not have to pay back the fund’s principal and get to keep 80% of its profits. The money would be invested in state businesses through certified capital companies – or CAPCOs.

Via Milwaukee Journal Sentinel editorial.

Comments are closed.