In an interview that aired Monday on Michigan Public Radio Network stations, Snyder said it will be a “huge issue” if Michigan residents are no longer able to qualify for the incentives [wealth redistribution]. He said U.S. Rep. Fred Upton, R-St. Joseph, is leading discussion of a possible congressional solution if the tax credits are denied.
Short of that, Snyder said he would ask the Republican-controlled Legislature to make Michigan’s a state-run exchange.
“That raises the issue, should we be looking at a state exchange, and that’s a dialogue I’d have to have with the Legislature,” Snyder told MPR’s Rick Pluta.
“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, thatJohn 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.”
Snyder 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…
Imaging that. And, CPA Snyder’s $250,000/year numbers guru John Nixon, bails out of Michigan a year ago, too? Go figure.
Snyder enlisted the help of Detroit attorney George Scott Romney, the brother of 2012 GOP presidential candidate Mitt Romney, in bringing Nixon to Michigan, because Romney shared ties to Utah and the Mormon faith.
“They’re just a wonderful family,” Romney said of Nixon, who along with his wife, DeAnn, has six children between the ages of 4 and 17.
“I was disappointed” to hear Nixon was leaving, Romney said, but “I think it’s a wonderful opportunity for him.”
Leaving is “a wonderful opportunity”? That’s an understatement. Then again, ‘ol Elder “Arithmetic” Romney ain’t never been too sharp with numbers, has he?
(12)Nuh Uh.
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