Apr 11, 2016
Four years ago, Lansing “accidentally” passed a bill that gave 60 to 80 million dollars a year in “unintended tax breaks” to auto insurance companies in Michigan. Over four years, this bill has cost the state a couple HUNDRED MILLION dollars.
The legislature is now trying to change this “loophole” and stop giving this much money away to rich auto insurance companies.
Surprise, surprise: the insurance companies are fighting to keep this tax loophole so they can continue to enrich themselves.
Average citizens who keep money they aren’t supposed to get are sued or arrested. But if you are a rich insurance company, you can apparently get away with it.