CATO: Michigan Gets A “D”

Rick Snyder's tax policies earned the state a 44 out of 100 score in CATO's recent 'Fiscal Policy Report Card'

The average score for Democrat Governors according to CATO’s recent fiscal report card is 46 of 100.

Rick Snyder Came in at 44.  Though RTW and the MBT repeal was applauded, the push for higher gas taxes and the bloated overall budget, as well as the long term cost of Medicaid expansion to taxpayers walloped his GPA.  Along with charts, comparisons, and analysis, Cato writes:

MICHIGAN Legislature: Republican
Rick Snyder, Republican Took office January 2011
Grade: D
Due to political correctness, the word 'dun**' is no longer allowed on head dressings.

Due to political correctness, the word ‘dun**’ is no longer allowed on head dressings.

After a successful business career, Governor Snyder came into office eager to help solve Michigan’s deep-seated economic problems. He has pursued many important reforms, such as spearheading the restructuring of Detroit’s finances and signing into law right-to-work legisla­tion. He repealed the damaging Michigan Business Tax and replaced it with a less harmful cor­porate income tax. In 2014 pushed through a phased-in elimination of property taxes on busi­ness equipment, which will help spur capital investment. The cut was approved by Michigan voters in August 2014.67

However, Snyder received a low grade on this year’s report card largely because he is support­ing a $1.2 billion-a-year fuel tax increase. That would be a huge hike, pushing up overall state tax revenues by nearly 5 percent.

He also scores fairly low on spending. The general fund budget increased 7.3 percent in 2013 and an estimated 7.8 percent in 2014. The governor also supported Medicaid expansion under the ACA, which will be a costly burden on Michigan taxpayers down the road.

Surprised?

While there can be absolutely ZERO expectation that Mark Schauer would fare any better, the expectation of fuel taxes increasing is realistic as Rick Snyder has said he wants to Increase revenue from fuel sales .

“Increasing revenue” as most reasonable folks know is code for higher taxes.

Call Rick Snyder TODAY and ask him why he wants to raise our taxes. (<- no number – see? we learn from those TV ads and postcards)

You Betcha! (18)Nuh Uh.(1)

  4 comments for “CATO: Michigan Gets A “D”

  1. Corinthian Scales
    October 3, 2014 at 11:56 am

    Sorry, J-man, but the word dunce has 32 days to go before it's swept into the dustbin of history.

    The Lansing PC police banned the word retard.

    You Betcha! (7)Nuh Uh.(0)
  2. KG One
    October 3, 2014 at 7:27 pm

    If that nihilist attitude is how Land intends to represent Michigan as US Senator, then she ought to quit wasting everyone's time and just concede the race right now.

    You Betcha! (4)Nuh Uh.(0)

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