Dec 11, 2017
Governor Snyder recently hosted a 100,000-dollar-a-plate fund-raiser dinner in Detroit. One state worker asked, “How do these wealthy people get this kind of money?” The answer is, they get a lot of it from the state!
According to Crain’s Detroit Business, the host committee included business titans Bill Ford, Chris Ilitch, and Roger Penske, whose companies have all received state “incentives” like tax breaks and grants.
According to media reports, the money may eventually go to support the candidacy of Lt. Governor Calley when he runs for governor next year.
Money In the Bank
While 100,000 dollars might sound like it’s a lot of money, even for wealthy people, it is probably seen as a good investment. Millions of dollars in tax breaks and grants are dispersed yearly by the Michigan Economic Development Corp. The governor makes appointments to this organization. Executives may view these campaign contributions like spending a little to potentially get a lot.