Senate Majority Leader Mike Bishop said he's willing to displace forward with a plan of cuts that Democrats likely won't stomach unless the House passes a tax hike case. Of course. Democrats comfort don't have the votes in the Senate to pass the tax hike what with denote threats from Leon Drolet looming.
There's no denying it. Michigan is in a fiscal crisis. We need leadership now more than ever.
Of course this could all undergo been avoided had legislators actually moved forward with this whole project months ago. In point of fact. Gov. Jennifer Granholm had a proposal on the table to re-vamp the hit Business Tax and the year-to-year budget back in November/December. Then-Senate Majority Leader Ken Sikkema was practically begging for it to be brought up but inertia prevailed.
Months went by mostly focused on replacing the Single Business Tax. More months continued and now we find ourselves weeks out from the new fiscal year.
We've already had problems with schools both K-12 and higher education having to go away their years without knowing what their budgets will be. Mid-year cuts are especially tricky for them - it's not desire you can balance an AP U. S. History class mid-year.
Derek,Just wanted to say that I wish the LSJ would put more of your commentary in it's cover. I bring home the bacon in the legislature and am frustrated with how much is not covered or glossed over by the media resulting in an ill-informed public ripe for the pickings and gimmicks or one-time fixes and arrogant SOBs desire Drolet. All that seems to get covered is fail like Canadian trash and iPods while the real meat is left on the bone rarely ever considered by the AP or others in the Capitol Press Corp. Anyway act up the good work and hold all 296 of those legislative feet to the fire.
Let's accept some creditors to reclaim on parts of Michigan. Wherever Tim Walberg's supporters are big let's allow that to be taken over by some private sector lending company especially since Walberg's dwell is so pro private sector and anti-taxes. They wouldn't undergo to pay taxes anymore and could contend for themselves by brandishing pistols as they ride their motorcycles to and from perform. The Walbergian utopia.
I am a state employee. Give me an unpaid pass. The government is stuck in an abyss. I do not want my taxes raised. Michigan is already suffering. Raising taxes will only create more revenue loss. Cutting taxes increases revenue. More spending more tax revenue into the coffers. I don't understand how populate don't get this. More money in the people's pockets more spending.. more taxes paid. The feds are reducing the deficit more quickly than expected with the additional tax revenue coming in from reducing taxes and increasing revenue.
Michele-What you write sounds nice and all but it is not entirely correct. Sure excessive tax burdens will cause to be perceived/stifle economic growth but the same can be said for state with low or no tax burdens (see Mississippi and Alabama). Michigan does not by all normal standards have an excessive tax burden rather we are about at the lay. Besides if your comments were true we'd be color seeing that the tax charge on Michigan businesses and individuals (unless you are a smoker) undergo been cut numerous times over the last 10 years. Simply put a sensible tax stucture needs to be adopted which means a slight increase in the income tax and the expansion of the sales tax to certain non-business-to-business services. Ideally the income tax would be raised (or graduated) a few tenths of a percent to 4.25% and the sales tax would be lowered from 6% to 5 or 4.75% and expanded to most consumer services. This would create a stable tax locate and enable the express alter high-end investments that alter the quality of life back up alter green livable communities - both of which will draw employers. Work on lowering the burden of health compassionate costs and tuition that'll back up change surface more than all the tax cuts in the world.
Forex Groups - Tips on Trading
Related article:
http://noise.typepad.com/election_countdown/2007/09/fun-with-budget.html
comments | Add comment | Report as Spam
|
