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Mark Schauer and Senate Dems vote NO on vital new relief while Granholm touts tax breaksBy Nick, Section News
Talk about mixed signals. Yesterday while Jennifer Granholm jubilantly touted the promise of several thousand new jobs in the Kalamazoo area made possible by a giant M.E.G.A. tax break and while media outlets across the State highlighted the role reduced taxes played in making the new jobs possible the Democrats were back in Lansing trying to scuttle a tax relief package aimed at aiding thousands of additional businesses across the State.
The Republican controlled Senate wound up approving a bill to grant an MBT break to struggling medium sized Michigan businesses... despite the Democrats best efforts. The Associated Press reports:
Under the GOP measure, an estimated 10,000 to 15,000 additional businesses could start paying a 1.8 percent tax as an alternative to the Michigan Business Tax. That's a tax break of about $250 million which provides two-hundred-fifty-million reasons for Lansing Democrats to cry foul, moan and complain. Ironic, considering they're (justifiably) going all rainbows and sunshine over the idea of giving an $86 million tax break to one company in south-west Michigan for the promise of new life science jobs. For those of us hoping this MPI deal was a tacit admission from the big-government party that lower taxes really do create more jobs, well, we need to simmer back down. A tough thing to do when we're continually punched in the gut by logical inconsistency of this magnitude. We're talking about sound, tried and true, all-but-universally accepted economic principle. Lower taxes and companies will create and retain jobs. So one's left asking... what's the difference between MPI and Small Business X down the block? Read on...
That one's easy, folks. MPI can and did hold a press conference. They could make a big splash and the Governor could get her mug all over the TV on the evening news.
In essence, the Granholm / Cherry administration just spent $86 million tax dollars to buy one, maybe two day's worth of good press. It had nothing to do with jobs. If jobs were the bottom line we'd have seen unanimous support for the MBT relief offered yesterday in the Senate. Instead we had fifteen Democrats including 7th Congressional District candidate Mark Schauer and 2010 gubernatorial contender Gretchen Whitmer standing up and telling thousands of Michigan business owners, their tens of thousands of employees and the hundreds of thousands who've lost their jobs under the current administration that their growth and employment is less important than the Lansing Democrats' pet pork projects. And let's not kid ourselves, that's precisely the fall back they're using. We can't "afford" to lower taxes by $250 million, they argue. Well my bologna has a first name and it's M-A-R-K-S-C-H-A-U-R. For the love of Pete, people, there was a $200 million budget SURPLUS last year alone and that cash is still sitting around. That's only a part of the $700 plus million in savings House Republicans outlined last week. Maybe next time the Senate Republicans can include a line or two in the final bills that require TV coverage for the governor and her cronies. Might earn them an extra Dem vote or two.
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Mark Schauer and Senate Dems vote NO on vital new relief while Granholm touts tax breaks | 2 comments (2 topical, 0 hidden)
Mark Schauer and Senate Dems vote NO on vital new relief while Granholm touts tax breaks | 2 comments (2 topical, 0 hidden)
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 Related Links+ Associated Press+ $86 million tax break + $700 plus million in savings + Also by Nick |
