Health & Fitness
Bob Jauch: It’s not a ‘sweetheart deal’ if I like the company
By Ryan Ekvall | Wisconsin Reporter
MADISON — What constitutes corporate welfare, it seems, is in the eyes of the beholder — especially in the statehouse.
Sen. Bob Jauch, D-Poplar, seems to have a double standard when it comes to supporting legislation to the benefit of one corporation.
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When it’s a company he wants to push out of the state — mining giant Gogebic Taconite LLC — such legislation is an “exclusive sweetheart deal.”
When it’s a company he wants to hold on to, it is “real-world business friendly” legislation.
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Jauch and state Rep. Nick Milroy, D-South Range, put out a news release earlier this week announcing legislation that would “eliminate the need for Stella-Jones to purchase a costly bond in order to receive a solid waste permit” by changing some unspecified financial requirements.
Although the lawmakers refer to Stella-Jones as a “new manufacturer,” the publicly traded Canada-based company has been around since 1992.
The company posted $277 million in sales and $26.4 million in net income in the second quarter this year.
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