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
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 He repealed the damaging Michigan Business Tax and replaced it with a less harmful corporate income tax.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.
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)