Tag: taxes

Turning Michigan blue again: Dem proposal for a graduated income tax is precisely what they should be fighting for

Turning Michigan blue again: Dem proposal for a graduated income tax is precisely what they should be fighting for

In March of 2015, Michigan Democrat Jim Townshend introduced legislation in the House – House Bill 4341 – that would change Michigan’s regressive flat state income tax to a graduated tax. Not surprisingly, it never went anywhere in the Republican-controlled House. And that’s a shame because, if implemented, it would increase state tax revenues by as much as $700,000,000 $870,000,000 […]

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UPDATED x2: House Republicans crash and burn in attempt to decimate state budget with tax cut

UPDATED x2: House Republicans crash and burn in attempt to decimate state budget with tax cut

In the wee hours of the morning today after a marathon 12-hour session, House Republicans, led by House Speaker Tom Leonard, face-planted mightily in an effort to blow a $1.1 BILLION hole in the state budget by reducing the state income tax over the next four years. Their original salvo was to eliminate the state income tax altogether, an idea […]

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While we’re all distracted by Trump’s antics, Michigan Republicans poised to blow a $1 BILLION hole in the state budget

While we’re all distracted by Trump’s antics, Michigan Republicans poised to blow a $1 BILLION hole in the state budget

The costs to replace the lead service lines in Flint is estimated to be north of $50 million. Governor Rick Snyder estimates that it will take $2 billion a year to fix and maintain Michigan’s roads and bridges. Disinvestment in education and our cities has schools being closed and cities on the brink of insolvency. When you add it up, […]

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Michigan Republican Senator preps bill to blow $9 BILLION hole in state budget

Michigan Republican Senator preps bill to blow $9 BILLION hole in state budget

In a state facing massive infrastructure problems from roads that have gone unrepaired for years to a city poisoned by lead that needs tens of thousands of lead water service lines replaced, one Republican Senator has a plan: pass a law ending our state income tax, a move that will blow a $9 BILLION hole in our state budget: Senate […]

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Michigan corporate tax cut chickens finally come home to roost in GOP’s budget crater

Michigan corporate tax cut chickens finally come home to roost in GOP’s budget crater

Cluck, cluck… When Michigan Republicans took control of our legislature in 2010, they, along with our new Republican CEO Governor Rick Snyder, proceeded to enact a sweeping tax cut for corporations. It was all to bring new employers into the state which, in time, would lead to a more robust economy and a rising tide that would lift all boats. […]

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Corporate tax avoidance has cost Michigan schools nearly $700 million in the past four years

Corporate tax avoidance has cost Michigan schools nearly $700 million in the past four years

It’s well known that American corporations use off-shore tax havens to shield their profits from taxation. However, a recent report by U.S. Public Interest Group (USPIRG) gives us new details on just how widespread the tactic is and, more importantly, the impact it is having on the funding of education across the country. According to their analysis, this practice reduces […]

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UPDATED x2: Michigan House Republicans pass budget-busting road funding bill that ends up lowering taxes mostly on the wealthy

UPDATED x2: Michigan House Republicans pass budget-busting road funding bill that ends up lowering taxes mostly on the wealthy

“Only the Michigan GOP could look at crumbling roads, underfunded schools and struggling communities and think, ‘You know what? We need LESS revenue’.” That quote from Progress Michigan executive director Lonnie Scott sums up what happened last night in the state legislature perfectly. After more than two and a half years of wrangling to find $1.2 billion annually that experts […]

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Michigan Chamber of Commerce lobbyist insults retirees with pensions, derisively saying they “got a free ride”

Michigan Chamber of Commerce lobbyist insults retirees with pensions, derisively saying they “got a free ride”

Yesterday, the Michigan Board of Canvassers met to decide on a variety proposals destined for the 2016 ballot. One of them is being submitted by Citizens for Fair Taxes that would restore corporate taxes for the largest corporations to 11%. The move would raise roughly $900 million for road repairs in our state. After the meeting, Michigan Chamber of Commerce […]

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Michigan Chamber of Commerce in freakout mode over ballot proposal to make corporations pay their fair share in taxes

Michigan Chamber of Commerce in freakout mode over ballot proposal to make corporations pay their fair share in taxes

As the group Citizens for Fair Taxes is rolling out its effort to put a proposal on the ballot to compel Michigan corporations to pay their fair share in taxes in order to get our roads fixed, the Michigan Chamber of Commerce is in panic mode. And well they should be. Internal polling by the group shows that 69% of […]

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Citizen-initiated ballot proposal would bypass Michigan legislature & governor to fix roads by restoring corporate tax fairness

Citizen-initiated ballot proposal would bypass Michigan legislature & governor to fix roads by restoring corporate tax fairness

Michigan legislators met for two days this week (without taking attendance or casting any votes) then folded up shop and went home for a one-month recess. They did this as our state’s roads continue to crumble and without passing any legislation to deal with the ongoing road and bridge repair crisis. UPDATE: @EmptyWheel reminds me that they did actually take […]

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Michigan Republicans plan raise $1.4 billion for roads AND cut the state budget AND cut the state income tax

Michigan Republicans plan raise $1.4 billion for roads AND cut the state budget AND cut the state income tax

Not just predictable. Predicted.. Republicans in the Michigan Senate have a plan to fix the roads and they are going to raise $1.4 billion to git ‘er done. It’s going to happen by raising the gas tax, something I am 100% unequivocally totally completely entirely supportive of. That’ll raise about $700,000,000 by their reckoning. So, where does the other $700,000,000 […]

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