Wisconsin: Walker proposes $250M giveaway to business

[Scuba]

http://www.jsonline.com/news/statepolitics/122428249.html

Walker is hurrying to give our tax dollars to his corporate donors before the July 12 recall. Even old-time Republicans like Glenn Grothman see this as a "giveaway".

<snip>

Legislation that Gov. Scott Walker says will create jobs would provide hundreds of millions of dollars in tax breaks to insurance companies, while giving control of a $250 million fund to out-of-state financial management companies that would not have to pay back the fund's principal and would keep up to 80% of its profits.

The proposal is supported by a group of Republican lawmakers led by Sen. Randy Hopper (R-Fond du Lac) and Rep. Gary Tauchen (R-Bonduel). But some others - including at least one Republican legislator - are calling it a massive corporate giveaway.

"The bill ... is the most dubious giveaway I've seen since I've been in the legislature," said Grothman, who has been in the Legislature for 17 years. Grothman was the only one of 26 people who testified at a joint committee hearing in Madison last week to voice objections to the plan.

In written testimony submitted for the hearing, Tom Hefty, the former chief executive of Blue Cross/Blue Shield of Wisconsin, called the program "the largest special interest Wisconsin tax cut in history masquerading as an economic development initiative."

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[madrchsod]

1. he killed the entire rail road expansion and improvement in wisconsin

i`m guessing that killed well over a billion in wages,taxes,and increased manufacturing investment in wisconsin.

so he`s giving away 250 million that may or not be paid bad. ya that sounds better than that rail deal.