21 search results for "EITC"

Conservative News, Democrats, Detroit, Elections, Michigan, Michigan Politics, Proposal 15-1, Taxes

$ 70 Million More Down the Drain Every Year

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Michigan Triples Down On The Most Abused Federal Program

Flushing-Money

The U.S. Government Accountability Office released its FY 2014 estimates of improper payments made by the Federal Government in testimony before the U.S. Senate’s Committee on Homeland Security and Government Affairs on Monday. The Improper Payments Information Act of 2002 and the Improper Payments Elimination and Recovery Act of 2010 require Federal Executive Branch agencies to estimate the levels of improper payments in all Federal programs. The GAO assembles this data and reports the levels of improper payments, along with recommendations to minimize such improper payments.

At the Federal level, all improper payments amounted to about $ 125 billion dollars in FY 2014. Even by casual Federal accounting standards this is breathtaking.  Three cents of every Federal Government dollar spent. Going through the GAO’s estimates by program, the Earned Income Tax Credit is at the top of the list by percentage of improper payments: 27.2 % of all EITC payments are improper. The GAO estimated FY 2014 improper EITC payments by the Federal Government alone amounted to $ 17.7 billion dollars. Other Federal programs burned more dollars, but none had the percentage rate of improper payments that the EITC has. Not even close.

The most obscure element of the tax increase package which Michigan voters will be asked to approve on May 5th is Senate Bill 847 of 2014. This bill is a $ 260 million annual increase in the State of Michigan’s version of the EITC. The EITC will increase from its current 6 %, to 20 %, of the Federal EITC credit allowed under Section 32 of the Internal Revenue Code. Currently, the Michigan EITC pays out about $ 80 million from the Michigan Treasury every year at the 6 % rate.

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Cronyism, Elections, Michigan, Michigan Politics, Proposal 15-1

It Only Gets Worse

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Taxes that increase every year to keep up with inflation.

STOP-167Say What?

We have used the 16.7% tax increase in the stop sign logo, (at the right) and will continue to do so.  However, it is hardly a complete look at the tax implications if proposal 15-1 were to pass. We are attempting to find all the ways in which our prior legislative session gave us the shaft, including train to nowhere projects, redistribution of wealth, and the fuel tax replacement components.

Folks might actually be aware of the replacement fuel tax and that it will be more than what the was tax was before. Presumably, it simply replaces the sales tax that has been collected on fuel, that does not go toward roads.  However, when one looks at the analysis done by the House Fiscal Agency, there is a paragraph that explains the mechanism accurately; and in particular, a line at the end of that paragraph points out an easily missed point.

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2015 MIGOP State Convention, Cronyism, Elections, Michigan, Opinion, Proposal 15-1, Rent Seeking, Taxes

Yet, Granholm’s Kirk Steudle Hasn’t Been Fired nor Jailed

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The latest ongoing MDOT buffoonery from Auditor General, Doug Ringler.

dozer-money“Our review … identified 48 of 92 [52%] expired warranty projects that needed corrective action,” the report said. “As of June 30, 2014, 24 of the warranties had been expired for over one year without MDOT having addressed the corrective action.”

MDOT said it agrees with all six recommendations made by the auditor general and is taking action to improve its system of monitoring and enforcing warranties.

“By October 2015, MDOT, in working with the Department of Attorney General, will develop a procedure for non-responsive contractors that have been notified to perform warranty work,” the department said in part of its response to the audit.

But the auditor noted that similar issues were raised in an earlier audit, released in 2010, and at that time the department said it would “strengthen its procedures to assure the completion of inspections.”

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Hmmm, something to hide here, Mr. Steudle? And, the AG is involved? Can one say like placing a fox to watch the hen house? I can, as they all, the AG, the MDOT Director, and MSP Director, sit on the same committee endorsing Snyder’s Democrat wooed Proposal 2015-1 better known as the $2,000,000,000 16.7% Sales Tax Hike with double taxation for off road agricultural and recreational fuels, 30% registration fee increase, and loss of IRS deduction – among other handouts to buy votes.

Bonus? Just like clockwork, it’s Norm partying in Tampa Shinkle and Dan Pero’s wife Colleen to Snyder’s rescue (No, seriously!). How about it, Rule of Law Ruth? Nah, not so much as a peep.
STOP-167
Shame on those who seldom follow the linked information here on RightMi.com, because we all are truly getting the government that’s deserved, and getting it good and hard.

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2015 MIGOP State Convention, Cronyism, Elections, Michigan, Opinion, Proposal 15-1, Rent Seeking, Republicans, Taxes

Overloaded Your Asses, huh?

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Think that EITC part of the Proposal 2015-1 equation isn’t a fool’s errand? Look at what $9,400,000,000 gets us just to maintain floundering employment while buying poverty moocher’s votes.

“The goal should be to try to honor these agreements or, in the context that if there are changes, they’re mutually agreed to,” Snyder [Mr. Avalon, founding chair. Yes, that John Truscott] said in a Detroit News editorial board interview. “These are major job creators. They’ve helped bring us back economically [what Team Obama says] in the state and we shouldn’t overlook that fact.”

NerdandJohnSnyder said he wants to work with companies holding the business tax credits to “bring better visibility” and “transparency” [a Snyder priority. No, seriously.] to the tax credits, which will consume more than $500 million a year in general fund tax revenue until 2029. The final tax credits awarded under the Michigan Business Tax [thank Brian] don’t expire until 2031, according to the Michigan Economic Development Corp.

The MEDC [Snyder’s Mini-Me] has asked companies to agree to redeem their credits in the year they were issued and give the state a three-year forecast on using tax credits to help governors and legislators budget for the subsidies.

But Snyder did not rule out pursuing legislation to put new rules in place for when the tax credits could be cashed in. [here, pull this finger.]

“I think the starting point should be what we can do in a mutually agreed-upon fashion,” Snyder said.

Mike Johnston, vice president of government affairs for the Michigan Manufacturers Association, said his members, which include Detroit’s three automakers [$3,000,000,000 yes, Ford too], are open to helping state officials know when they will seek tax refunds.

The games all these mother******* play with other people’s money is downright obscene.

We now return you to your regular Team R points its collective finger’s at Granholm programming…

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2015 MIGOP State Convention, Elections, Michigan, Opinion, Proposal 15-1, Taxes

It’s not a Glitch – It’s a Feature!

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It’s good to see the folks over at MCC finally catching up to our 10x25MM, here at RightMi.com.

Double Tax on Some Fuels is Problematic for $2 Billion May 5 Proposal

Money quote? “Murray [a JournoList-esque hack] replied that he could not respond by this report’s deadline. Calley’s office has yet to respond.”

allah Shazam! GasTaxRegistrationFreesHikeDon’t hold your breath, Mr. Spencer, as Lt. Lapdog appears preoccupied with a family *matter*. And, as J-man, in comments, points out another issue surrounding the Republican Party’s big spending, nanny statist, corporate Nerd, well, with regard to Ruth Johnson, any future political aspirations she may have had are toast.

The video below is the Prop 15-1 commercial with bona fides.

Remember, Boobus Michiganderus, that May 5 proposal is a constitutional amendment vote. There ain’t no coming back from that $2,000,000,000.00 per year tax hike.

You Betcha! (33)Nuh Uh.(0)

Michigan, Opinion, Proposal 15-1, Taxes

Welcome to the Party

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This is why I appreciate money, and those who appreciate using it wisely as much as I do.

The ballot proposal would increase Michigan’s 6 percent sales tax [16.7%] to 7 percent as part of a complex plan to raise [registration fees 30% and double taxes on gas and diesel] $1.2 [$1.9] billion more annually for roads [and $410 million going to the IRS]. But the plan, hatched by Snyder and lawmakers last month, also earmarks $300 million for schools, $260 million for tax credits for the working poor [illegal aliens with up to four wives] and $95 million for municipal revenue sharing.

Mitchell said it’s the “grab bag” spending on items unrelated to road repairs that Snyder and Republican legislative leaders tacked on to get Democratic votes that motivates him to spend some of his own money trying to defeat the initiative.

“In order to repair our roads, we have to pay a $700 million toll to special interests — and that just astonishes me,” Mitchell said in an exclusive interview with The Detroit News. “I think it speaks for politics as usual. Special-interest lobbyists held our roads hostage and they got a $700 million toll.”

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Sorry, but, it’s unfortunate that Mr. Livengood still sees it necessary to disinform his readers, hence, the inclusion as was pointed out here on RightMi.com

OABTW, has anyone heard U.S. Rep. Moolenaar, opine on the Republican governor’s CPA shell game? No? Go figure.

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Elections, Michigan, Opinion, Proposal 15-1

FYI: Registration Deadline for 30 Counties Holding Elections

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Just caught this.

Michigan residents have until Monday, Jan. 26, to register to vote in the Feb. 24 election, said Secretary of State Ruth Johnson.
….

School districts and municipalities in 30 counties are holding elections. The polls will be open on Election Day from 7 a.m. to 8 p.m. To find out if there is an election in your community, visit www.michigan.gov/vote.

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View the info for yourself. Consider the February election a precursor to the $300M the MEA wants on, May 5, of which, I will be voting NO.

Fix “JUST” the roads, and enough of the nerdy CPA, robbing Peter to pay Paul EITC games.

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Elections, Michigan, Michigan Politics, Opinion, Philosophy, Proposal 15-1, Republicans

Ghosts Of Speakers Past

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Former speaker comments from the political graveyard of deleted PR Pieces.

Yeah, the interwebs are forever.

Then Speaker Jase Bolger had something to say about fixing the roads.  Going to the taxpayers to fund or cover for the malfeasance of our MDOT and legislative road committees was not the top priority of the sometime Snyder enabler Jase Bolger, right?

Given the lame duck performance resulted in nothing positive for Michigan’s burdened taxpayers, it’s not surprising that their ONE opportunity to solve a real problem was passed along for the taxpayer to share in the blame.  A bad package with the promise of pain for the (even with the renewed EITC) poor, and particularly the middle class once again. (Yes, shameless populism – sue me)

Indeed, this is one of the few times we had no disagreement with the speaker.

He was on the mark.

 

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Conservative News, Cronyism, Democrats, Elections, Michigan, Michigan Politics, Opinion, Philosophy, Proposal 15-1, Rent Seeking, Republicans

I think that it is time to begin filling out a scorecard before May 5th.

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Otherwise known as “What's good for thee, but not for me (con’t).

Breaking from the republican kakistocracy’s latest rope-a-dope on the Grassroots (aka Dave Agema’s “controversial comments” brouhaha), it is important to note that Governor’s Snyder’s plot to raise the Michigan Sales Tax 16.7% is beginning to pick up a few supporters.

On the plus side; So is the opposition.

And what interesting bedfellows are beginning to appear.

{Continued below}

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