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What was he thinking?
April 30, 2009 - Blaine Hyska
I’ve had my suspicions in the past, but this seems to confirm it. Wisconsin Gov. Jim Doyle uses the same economic brain trust as Michigan Gov. Jennifer Granholm.
How else can you explain Doyle’s latest insurance proposal?
Today, Wisconsin motorists enjoy one of the lowest insurance rates in the nation.
According to Andy Franken, president of the Wisconsin Insurance Alliance, Wisconsin drivers pay the third lowest auto insurance rates in the nation, when compared to household income. The Badger State should be proud.
But not Doyle. Doyle’s budget increases the mandatory auto insurance limits 300 percent.
Only a fool would try to mandate or tax a business into submission. Government restrictions and taxes are passed on to the customers — the little people.
Guess what? If you tax or regulate a business to death, it dies. Witness the U.S. auto industry. Again, the little people suffer.
“Responsible low and middle-income families paying the current minimum auto insurance levels would see their costs rise 33 percent to 43 percent,” said Franken (no relation to Al Franken of Minnesota via Saturday Night Live). “High income families who already choose higher coverage levels would be less affected, but would still see premium increases.”
The largest dollar increases would fall on families in the Milwaukee area, Andy Franken says.
Families in rural areas, especially in western Wisconsin, would see the highest percentage increase in their auto premiums.
What was Doyle thinking?
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