Beacon: Shut down TNInvestco

November 19, 2012 11:05AM

In the wake of an audit that found numerous problems with the state’s TNInvestco program, Beacon CEO Justin Owen explains to the Chattanooga Times Free Press why the program is bad for taxpayers and business.

“As this audit shows, taxpayers’ money is handed out like candy with few safeguards or even a commitment to actually create jobs and boost the economy,” Owen said.

Owen called on lawmakers to shut down the controversial program and instead boost investments by repealing the Hall Income Tax on stocks and bonds. Read the entire article here.