How government aid helped Ron Johnson

September 2, 2022

Wisconsin Examiner: How government aid helped Ron Johnson

White older man with white gray hair in a suit and blue tie and the American flag is on the left.
Sen. Ron Johnson Source: Facebook

Wisconsin Sen. Ron Johnson has been critical of programs that direct federal money to households and small businesses struggling from the impacts of the pandemic – he voted against the American Rescue Plan.

But when Johnson was building his business, he benefited significantly from local and federal subsidies.

Good Jobs First Executive Director Greg LeRoy talked about industrial revenue bonds, lesser-known mechanisms that let private companies reduce their capital costs with the help of the government.

“IRBs absolutely are a subsidy because they lower the cost of capital by about 25% from commercial bond rates,” Greg LeRoy told the Examiner.

Read the full story at the Wisconsin Examiner.