Tag: taxes

Vice President Pence has been on a nationwide cheerleading tour for the wildly unpopular #TrumpTaxScam since January

Vice President Pence has been on a nationwide cheerleading tour for the wildly unpopular #TrumpTaxScam since January

Donald Trump signed the Trump Tax Scam bill into law in late December. The new law was supposed to save Republican Party from Donald Trump but, so far, that hasn’t happened. Despite spending millions of dollars running nearly 17,800 advertisements on television, the law remains extremely unpopular. 36% of Americans think the law is a bad idea while only 27% […]

Read more ›
The unmentioned outcome of the #TrumpTaxScam: Forcing states to cut taxes just to keep their citizens from paying MORE

The unmentioned outcome of the #TrumpTaxScam: Forcing states to cut taxes just to keep their citizens from paying MORE

When Republicans in Congress passed the Trump Tax Scam, one of the things they did was to raise taxes on citizens at the state level. In Michigan, that increase in taxes amounts to $1.5 BILLION, something even Republicans have been forced to admit. Democrats, who have been trying to enact an increase in the personal tax exemption for years, today […]

Read more ›
Michigan Republicans & Democrats come together to embarrass Gov. Rick Snyder in historic veto override

Michigan Republicans & Democrats come together to embarrass Gov. Rick Snyder in historic veto override

Last year in a rare exhibition of bipartisanship, the Michigan state senate voted unanimously and the House voted 89-11 to pass a new rule involving the taxation of a purchased vehicle when someone trades in another vehicle in the transaction. Under a 2013 law, buyers initially could exempt the value of the trade-in vehicle up to $2,000 from the sales […]

Read more ›
Even Michigan Republicans are forced to admit that the #TrumpTaxScam is raising the taxes of ordinary taxpayers

Even Michigan Republicans are forced to admit that the #TrumpTaxScam is raising the taxes of ordinary taxpayers

“[Republican] Gov. Rick Snyder proposed legislation Monday to offset what he said would amount to an unintended $1.5-billion annual tax increase for Michigan residents resulting from the recent federal tax reform package.” That’s the lead sentence in an article in the Detroit Free Press from yesterday titled “Snyder proposes plan to offset federal tax reform for Michigan taxpayers“. The article […]

Read more ›
Here’s proof that if trickle down economics worked, we’d all be drowning in sweet, sweet trickle – TAKE ACTION TODAY!

Here’s proof that if trickle down economics worked, we’d all be drowning in sweet, sweet trickle – TAKE ACTION TODAY!

On our podcast this week, self-described zillionaire Nick Hanauer made it clear that trickle down economics is a concept used by the super-wealthy to convince themselves as well as all of us mere mortals that giving tax cuts to rich people will create more jobs and wealth for everyone. Unfortunately for them, as Hanauer says, “it just happens to not […]

Read more ›
UPDATED: Michigan Gov. Snyder finally finds a tax cut to veto, one that would benefit people instead of corporations

UPDATED: Michigan Gov. Snyder finally finds a tax cut to veto, one that would benefit people instead of corporations

After happily signing countless tax breaks for corporations into law in Michigan, Governor Rick Snyder finally found one to veto. It’s one that would benefit actual Michiganders and not for-profit corporations: Gov. Rick Snyder vetoed on Tuesday a tax cut recently approved by the Michigan Legislature, saying the measure would put too much strain on the state’s budget. Snyder vetoed […]

Read more ›
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 […]

Read more ›
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 […]

Read more ›
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, […]

Read more ›
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 […]

Read more ›
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. […]

Read more ›
Quantcast
Quantcast