Where is that 'tax cut fever' you promised?
Reposted from the Mackinac Center
Posted by Michael D. LaFaive on November 5, 2014 at 12:55pm
Nearly a year ago, popular Michigan pundit Tim Skubick opined on MLive.com that “another disease is starting to make the rounds in this town (Lansing): Tax Cut Fever.”
Personally, this observer welcomed the prospect of a bipartisan frenzy to convert a projected state budget surplus into tax cuts, even if the politicians’ motives included wanting to “help cement their 2014 re-election bid …”
The promise was especially welcome given that Lansing then looked more ready to raise taxes than cut them. I pointed out some examples in an article published last January. Among them:
The Legislature had recently enacted $82.6 million in fee hikes. It had also granted certain local “Business Improvement Zone” authorities the power to levy additional property taxes. And there was plenty of chatter about imposing taxes on Internet transactions (an Amazon tax) and other new extractions.