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Michigan Governor Wants the Elderly and Poor to Pay
Michigan Governor Rick Snyder has taken a lot of heat for his budget plan over the last week or so, and for very good reason. Snyder is currently seeking to raise individual income taxes — primarily on elderly and poor Michiganders — by some $1.7 billion per year. Rather than using this money to help close the state’s budget deficit, Snyder is asking some of Michigan’s most vulnerable families to hand all this money over to businesses, in the form of a roughly $1.8 billion business tax cut.
You’re right folks. Forget that a full 20 percent of the countries children are below the poverty line.
…there are 12 cookies on the table, the rich take 11 and then say to the Tea Party folks, "Those unions are stealing your cookie" so that the middle class fights over table scraps, the rich laugh and laugh and laugh.
Or that there are no more jobs . . . we rich people have outsourced them so we can make a personal profit. To Hell with the American worker. Let them work at Burger King and have no union rights anymore.
You poor and middle class people have to realize that we are the great ones who may if we choose, trickle down some money to you . . .that is after we use our money to make as much as we can on speculative junk that creates no jobs, then we may throw a bone or two at you and then watch as you all fight for it.
Snyder would like to replace the state’s much maligned Michigan Business Tax (MBT) — a sort of hybrid between a corporate income tax and a sales tax — with a true corporate income tax. The basic idea isn’t necessarily a bad one, but the corporate income tax Snyder has in mind is much too modest. Overall, the swap would raise $1.8 billion less per year than current law.
Companies in the U.S. received $26.2 billion in 2,799 venture capital deals, an 11% increase in funds from the year before and a 6% increase in deals, a Dow Jones VentureSource report says.
Originally posted by Kargun
Bout time people that work hard and become wealthy through blood sweat and tears gets a break. It's not easy being super rich.