Think that EITC part of the Proposal 2015-1 equation isn’t a fool’s errand? Look at what $9,400,000,000 gets us just to maintain floundering employment while buying poverty moocher’s votes.
“The goal should be to try to honor these agreements or, in the context that if there are changes, they’re mutually agreed to,”
Snyder [Mr. Avalon, founding chair. Yes, that John Truscott] said in a Detroit News editorial board interview. “These are major job creators. They’ve helped bring us back economically [what Team Obama says] in the state and we shouldn’t overlook that fact.”
Snyder said he wants to work with companies holding the business tax credits to “bring better visibility” and “transparency” [a Snyder priority. No, seriously.] to the tax credits, which will consume more than $500 million a year in general fund tax revenue until 2029. The final tax credits awarded under the Michigan Business Tax [thank Brian] don’t expire until 2031, according to the Michigan Economic Development Corp.
The MEDC [Snyder’s Mini-Me] has asked companies to agree to redeem their credits in the year they were issued and give the state a three-year forecast on using tax credits to help governors and legislators budget for the subsidies.
But Snyder did not rule out pursuing legislation to put new rules in place for when the tax credits could be cashed in. [here, pull this finger.]
“I think the starting point should be what we can do in a mutually agreed-upon fashion,” Snyder said.
Mike Johnston, vice president of government affairs for the Michigan Manufacturers Association, said his members, which include Detroit’s three automakers [$3,000,000,000 yes, Ford too], are open to helping state officials know when they will seek tax refunds.
The games all these mother******* play with other people’s money is downright obscene.
We now return you to your regular Team R points its collective finger’s at Granholm programming…