Dec 3, 2001
Because treasury income is down, Lansing imposes budget cuts and tiny raises for state workers.
Yet if the state is “broke” why hand out MORE corporate tax breaks?
In November, the “Michigan Economic Development Corp.” (MEDC) awarded a 25.8 MILLION DOLLAR, 20-year tax credit to the billion dollar pharmaceutical company, Pfizer.
In September, they gave a 5.6 million dollar tax credit to Comcast.
In August, they gave away a four million dollar tax credit to American Axel.
Gee, Governor, wonder why there’s less money in the treasury!
Reprinted from Michigan State Workers newsletter, Detroit, Michigan.