The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Designer tax credits

May 3, 2004

Michigan Governor Jennifer Granholm just signed into law two special bills designed to help two companies, Federal-Mogul Corporation and Mid-Michigan Packing. Neither Federal-Mogul Corporation nor Mid-Michigan Packing met the requirements for getting tax credits under the Michigan Economic Growth Authority. So Granholm and the state legislature modified the requirements.

This comes just after the state strong-armed through one set of concessions and is already shooting for another 148 million dollars in concessions from state workers as part of Granholm's 2005 budget. Taxpayers in Michigan have also seen increases in many state fees and there have been cuts in state services.

There is no budget crisis in Michigan – just new ways to help the corporations at the expense of working people and the poor.