A new piece of legislation by Michigan lawmakers would delay the state's new earned income tax credit unless the state discovered a way to churn out revenues of at least $250 million. In other words, Michigan GOP lawmakers are pulling a bait and switch on taxpayers, businesses, and voters simply by slapping a new tax to raise the $250 million revenue stream in order to pass the new tax subsidy program. To put a fine point on it, it's either their way or the highway.
Republicans who have historically claimed to be anti-tax, anti-regulation, anti-welfare state, and pro-free market really have a spotty record when it comes to that rhetoric. They constantly pay lip service to cutting taxes, but in their own deluded way, they can't justifiably make a valid argument to boost spending.
At least Democrats admit that they're socialist. At least they're not arrogant about it...like the Republicans are.
Monday, July 30, 2007
Michigan GOP Bill to Stop State's Income Tax Credit
Posted by Todd Andrew Barnett at 10:21 PM
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment