Governor Granholm telegraphed her preference for a replacement of Michigan's job-killing Single Business Tax Monday, identifying more than $31 billion in potential new tax increases.
The new tax increases were identified in a `report' issued by the Michigan Department of Treasury in which the Granholm agency referred to "revenue forgone." While not tying the report to the administration's yet-to-be-announced plan for a new business tax structure in Michigan, it is nonetheless the most-comprehensive offering to date from the governor on how she would prefer to replace the onerous SBT.
"Governor Granholm's idea of tax relief for Michigan's struggling businesses is - surprise - even more taxes on businesses," MRP Chairman Saulius "Saul" Anuzis said. "This is a common theme from Governor Granholm's economic plan, a plan that has lead to a single state recession and has put Michigan ahead of North Dakota as the No. 1 state people are moving away from."
So, we should vote for Gov. Gramholm because she is raising taxes to keep us broke? Or how about keeping us in the poor house?