Jan 9, 2012
On January 1st, a lot of Governor Snyder’s state tax changes took effect. Retirees and poor people will be paying more in taxes.
In the meantime, most businesses will now not pay taxes and those few corporations that still do pay taxes will pay a lot less.
Governor Snyder claims this will “create jobs.” In reality, it will only “create” more rich people, more poor people, and more inequality.
For the fiscal year that closed on September 30, 2011, the state ended up having a big budget surplus – so big, they still don’t have an accurate amount. Estimates say it could be anywhere from 500 million to almost a BILLION dollars.
That money came from cutting our jobs, reducing revenue sharing to cities, cutting school funding, and throwing kids off cash assistance.
Now legislators are trying to figure out ways to get this money to their rich friends!