The Beloit Daily News ramped up their defense of tax-dodging corporations and wrote an editorial blasting the whistle-blower group Institute for Wisconsins Future for their ability to uncover shortages of tax revenue owed to the state. Regardless of the universal agreement that our local taxes are too high, this shortfall in revenue must be made up from somewhere resulting in even higher taxes across the board.
The newspaper goes as far to admit that even if the groups figures are semi-accurate, so what? In their logic, because the taxes make up for only 3% of the states revenue, it’s not a serious issue and better left alone. After all, they think if other corporations get the idea they can just walk-on the states tax laws, more investment will come.
Also, the BDN continues to promote the “growth through taxcuts” theory, an overused tired old horse that is now largely responsible for our countries empty treasury, it is a formula that has seen better days. It becomes obvious that the editors have taken the IWF’s findings as a personal attack and labeled their conclusions as business-bashing. Too bad. When the mainstream media encourages tax dodging as a way to spur economic growth, they have reached new lows in the responsibility they owe to their community.
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