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Qtec
03-15-2011, 04:23 AM
shame (http://thinkprogress.org/2011/03/14/rick-snyder-corporate-taxes/)

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"><span style='font-size: 14pt'>Michigan’s GOP Gov. Slashes Corporate Tax Rate by 86 Percent, Hikes Taxes for Working Poor</span>

<u>As we’ve been documenting, several conservative governors have proposed placing the brunt of deficit reduction onto the backs of their state’s public employees, students, and middle-class taxpayers, while simultaneously trying to enact corporate tax cuts and giveaways.</u> Govs. Rick Scott (R-FL), Tom Corbett (R-PA), and Jan Brewer (R-AZ) have all gone down this road.

Following suit, Gov. Rick Snyder (R-MI) has proposed ending his state’s Earned Income Tax Credit, <u>cutting a $600 per child tax credit, and reducing credits for seniors, while also cutting funding for school districts by eight to ten percent.</u> <span style='font-size: 14pt'>At the same time, as the Michigan League for Human Services found, the state’s business taxes would be reduced by nearly $2 billion, or 86 percent, under Snyder’s plan:</span>

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> <span style="color: #990000">Business taxes would be cut by 86 percent from an estimated $2.1 billion in FY 2011 to $292.7 million in FY 2013</span>, the first full year of the proposed tax changes…<span style="color: #990000">Taxes on individuals from the state income tax would rise by $1.7 billion or nearly 31 percent,</span> from an estimated $5.75 billion in FY 2011 to $7.5 billion in FY 2013, the first full year of the tax changes.

As the Institute on Taxation and Economic Policy found, <span style='font-size: 17pt'>the practical upshot of Snyder’s tax increases is to place even more of a burden on Michigan’s poorest residents, who will see a bigger hike than those at the upper end of the income scale:</span> </div></div> </div></div>




Q

Gayle in MD
03-15-2011, 04:59 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body"> shame (http://thinkprogress.org/2011/03/14/rick-snyder-corporate-taxes/)

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"><span style='font-size: 14pt'>Michigan’s GOP Gov. Slashes Corporate Tax Rate by 86 Percent, Hikes Taxes for Working Poor</span>

<u>As we’ve been documenting, several conservative governors have proposed placing the brunt of deficit reduction onto the backs of their state’s public employees, students, and middle-class taxpayers, while simultaneously trying to enact corporate tax cuts and giveaways.</u> Govs. Rick Scott (R-FL), Tom Corbett (R-PA), and Jan Brewer (R-AZ) have all gone down this road.

Following suit, Gov. Rick Snyder (R-MI) has proposed ending his state’s Earned Income Tax Credit, <u>cutting a $600 per child tax credit, and reducing credits for seniors, while also cutting funding for school districts by eight to ten percent.</u> <span style='font-size: 14pt'>At the same time, as the Michigan League for Human Services found, the state’s business taxes would be reduced by nearly $2 billion, or 86 percent, under Snyder’s plan:</span>

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> <span style="color: #990000">Business taxes would be cut by 86 percent from an estimated $2.1 billion in FY 2011 to $292.7 million in FY 2013</span>, the first full year of the proposed tax changes…<span style="color: #990000">Taxes on individuals from the state income tax would rise by $1.7 billion or nearly 31 percent,</span> from an estimated $5.75 billion in FY 2011 to $7.5 billion in FY 2013, the first full year of the tax changes.

As the Institute on Taxation and Economic Policy found, <span style='font-size: 17pt'>the practical upshot of Snyder’s tax increases is to place even more of a burden on Michigan’s poorest residents, who will see a bigger hike than those at the upper end of the income scale:</span> </div></div> </div></div>




Q </div></div>

IOW, more failed Republican policies!

I have a feeling that the flyover states are about to become Educated!

G.

Qtec
03-15-2011, 05:34 AM
It shows quite clearly that he gave away $2B to big business and is clawing it back from the lowest earners - those who can least afford it.

The problem with the Cons is that they are so arrogant they don't realise what they are doing. You reap what you sow.

Q

Gayle in MD
03-15-2011, 06:21 AM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Qtec</div><div class="ubbcode-body">It shows quite clearly that he gave away $2B to big business and is clawing it back from the lowest earners - those who can least afford it.

The problem with the Cons is that they are so arrogant they don't realise what they are doing. You reap what you sow.

Q </div></div>

That's what happens when people focus only on ideology, and don't consider the real life consequences of irrational polices.

It is incredible, that Republicans have managed to blame teachers, firemen, and policemen, and unions, for the massive grand theft prosecuted by corporate CEO's in every industry, which crashed our economy, after tremendous loss of revenues, brought about by the Bush tax cuts, loss of buying power by the vast number of MIddle Class Americans, and no one watching the hen house, while Wall Sstreet had a field day.

A clear picture of failed Republican policies,.... fighting wars, cutting taxes, and failing to regulate the thieves at the top, as the Middle Class suffered and on-going flat wages, amounting to a huge loss of income, from being gouged to pieces by the corporations, the worst of them, OIL, Medical Insurance corporations, predatory lenders and banks...

How do the Republicans have the colossal nerve, to present themselves as good stewards of our economy, when they blame and punish the Middle Class, after their massive redistribution of wealth to the top, and how the hell do they think this country will survive without a strong, rising Middle Class? /forums/images/%%GRAEMLIN_URL%%/crazy.gif


Pure insanity. And then we have "Clerks" on here writing about how the poor millionaires, aren't really millionaires any more!

Unbelievable!
G.