Jan 12, 2009
Workers don’t go on a spending spree when budgets are tight, but politicians do.
Michigan is projecting a 1.5 billion dollar deficit next year. In what’s becoming a holiday tradition, both political parties came together in Lansing in December to give away up to 517 million dollars in corporate tax credits for companies producing batteries. These “new and improved” tax credits double as cash hand-outs.
According to the Free Press (12/19/08), up to 200 million dollars IN CASH will be handed out to battery corporations if tax credits exceed taxes owed.