Michigan Governor: State tax surplus could be used to limit cuts to pensions in Detroit bankruptcy proceedings

Michigan taxpayers have been overcharged by the state of Michigan to the tune of $350 million. That is what Michigan’s budget surplus really is, the state taxed its citizens an extra $350 million that they had no plan to spend. So, rather than sending the money back to the taxpayers, spending the money to fix our literally crumbling roads or simply hang on to the money for a rainy day, what does our nerd Governor propose?

Gov. Rick Snyder said Thursday he’s open to using one-time surplus tax dollars for the state’s contribution toward a fund to bolster Detroit pensions and settle the city’s bankruptcy.

Snyder has pledged $350 million over 20 years toward a $816 million fund designed to limit cuts to pensions and shield city-bought art at the Detroit Institute of Arts from being sold to satisfy creditors.

While private sector citizens in Michigan have had to go round after round of belt-tightening  (job losses, furloughs, pay cuts) during the reign of economic terror during the Granholm era. Now we have to punch additional holes in our belts for even more belt-tightening during the ongoing Obama disaster. Why should Michigan taxpayers take it in the shorts, again, protecting city worker pensions? Let them tighten their belts, or sell the DIA art and other city assets like other bankruptcies require.

BTW, you know after Snyder uses our tax ‘surplus’ protecting city pensions, he will come hat in hand looking for additional ‘revenues’ (i.e. taxes) to fix our roads.

*** Cross-posted at motorcitytimes.com ***

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  4 comments for “Michigan Governor: State tax surplus could be used to limit cuts to pensions in Detroit bankruptcy proceedings

  1. Mark
    April 25, 2014 at 4:35 am

    There are people who stood on the State Capitol lawn on tax day 2009 and proclaimed themselves TEA Party activists, and who then celebrated when Snyder raised taxes on pensions in the first 20 seconds of his term (because its fair don't you know?) who will gladly vote for him in November. When he is reelected (not with the votes of my wife, daughter, son-in-law, and me--abstain) he will be Ricky unchained.

    The Nazis euphemistically called it "economic processing" when they robbed the dead Jews of everything including their gold teeth, hair, eyeglasses, prosthetics, etc.; it sounded so much nicer than "theft". We will be continue to be "economically processed" by these communazis.

    Hat tip to the late great Mark Scott who first coined the term communazi within my listening radius.

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    • KG One
      April 26, 2014 at 8:24 am

      I'm sure who these people are who supported Snyder's pension tax (or income tax, or utility tax, or any other tax he foisted on Michigan Taxpayers).

      Go search the old site, Mark.

      Let me know who these people are?

      The Republican kakistocracy may have supported those taxes, but the Tea Party did not.

      The level of blowback that I'm hearing about this is asinine idea is beginning to get encouraging.

      There isn't anyone I know who considers themselves conservative who is even remotely supportive of this.

      Bolger throwing a moneywrench in the works (e.g. demand of unions "support" of bailout package), isn't from him receiving some last minute epiphany, most likely him reading the political tea leaves and not liking what he sees this fall.

      I don't trust Bolger as far as I can throw him, but Mark does make (albeit indirectly) a good suggestion.

      The union demand may have bought us some time to positively affect the outcome of the Detroit bailout for Michigan Taxpayers.

      Organizing a rally is a little out of my experience. Who would be the go-to person to getting one going?

      With an election coming up, this would be an excellent opportunity for candidates to show up and go on record AGAINST the bailout.

      It would also be a good opportunity to reminder to Snyder what it means to really be conservative.

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    • KG One
      April 26, 2014 at 9:22 am

      I'm NOT sure who these people are who supported Snyder's pension tax (or income tax, or utility tax, or any other tax he foisted on Michigan Taxpayers).

      I was having a hard time correcting this, so hopefully it is a little more clearer.

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      • steve
        April 26, 2014 at 11:30 am

        Figured that's what you meant...

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