Groups Cry Foul Over Tort Reform Efforts
Discrimination under the guise of tort reform? New legislation certainly seems that way to a coalition in Wisconsin. A proposal in Madison would limit the interest rates that businesses pay on judgements paid to individuals. The idea is to cap the interest rate to prime plus on percent. Currently, 4.25 percent. A jobs creator, say supporters. But Wisconsin Association of Justice, a coalition of public interest groups in Wisconsin, say it's discriminatory because the interest rate that businesses can charge individuals for collections would remain at 12 percent. The tort reform bill is among those being considered by lawmakers as part of a special jobs session in Madison.