Hello tax increases.
Well, that didn't take long.
Showing her disdain for anything that would actually promote the growth of business in the state, Governess Granholm is urging the State legislature to resurrect the Single Business Tax or a replacement for it.
Hooray. I am so glad she was reelected. It's okay if we cut taxes, but we have to create another tax that will bring in the same money under a different name. Sounds like the democratic way.LANSING, Mich. (AP) — Lawmakers who did away with the state's main business tax earlier this year should be the ones to come up with its replacement before they adjourn in December, Gov. Jennifer Granholm said Tuesday.
The Democratic governor said the Republican-led House and Senate have three weeks remaining in the legislative session to craft a replacement for the tax, which brings in about $1.9 billion in annual revenue.
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Some GOP lawmakers have said they want to see an overall cut in business taxes. But Granholm says any new tax structure must replace all the money now coming in from business taxes, including around $1.75 billion from the personal property tax.
Here's an idea, once businesses see the business friendly climate in the state, they move here. They hire people. Those people pay income taxes. You get more revenue for the state, and less of a tax burden on individuals. Yay! Too bad Granholm won't allow that to happen.


