Reforms Needed to Fix Michigan
The other candidates are too busy making promises to realize that their math DOES NOT ADD UP! |
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| Bouchard | Cox | Hoekstra | Snyder | |
| UNFUNDED CUTS: | Bouchard said he’d eliminate the MBT" COST $1.8 BILLION |
#11 Mike Cox's first step in January 2011 is to cut the Michigan Business Tax by 50% and then phase it out completely. COST $1.8 BILLION #12 As Governor, Mike Cox will eliminate the Granholm - Cherry income tax hike of 2007. COST $600 MILLION #45 No income tax after graduation from a Michigan university or college for the first three years. COST $50 MILLION #92 Provide property tax pop-up relief. COST $50 MILLION" |
"We need to address the tax system comprehensively by eliminating the Michigan Business Tax, as well as the levies businesses pay on equipment, adjusting the sales tax, and decreasing property and income taxes..." COST >$2 BILLION |
"As Governor, I will get rid of the worst business tax in the country and replace it with… a flat corporate income tax." COST $1.5 BILLION |
| COST: | $1.8 billion | $2.5 billion | >$2 billion dollars | $1.5 billion |
| UNFUNDED INCREASES: | ...But then he promises to... Reinstate the Michigan Promise Grants (1st gubernatorial debate, and MPA luncheon as reported in Grand Rapids Press, 1-29-10) COST $140 Million and restore funding for the State Fair (8-mile Blvd Association Forum on May 8th, 2010). COST $3 Million! |
...But then he promises to... Reinstate the Michigan Promise grants (1st gubernatorial debate). COST $140 MILLION #43 Restore $185 million cut from higher ed in the last few years and return support to 2002 levels. COST $185 MILLION. #75 Create tax credit for family elder care. COST $5 MILLION #80 Continue funding Pure Michigan ads. COST $20 MILLION #89 Create foreclosed home tax credit. COST $10 MILLION! |
...But then he promises to... Reinstate the Michigan Promise grants (1st gubernatorial debate). COST $140 MILLION Education Tax Credit (website Issues/Education Tax Credit). COST $65 – $228 MILLION; 130,000 private school students x $500 – $1,750). |
...But then he promises to... RReinstate Michigan Promise Grants (1st gubernatorial debate). COST $140 MILLION 10 Point Plan #4 Create tax credits for young professionals who live and work in Michigan cities. COST $10 MILLION 10 Point Plan #4 Create a Michigan Fellows Program. (Cost $2 Million). 10 Point Plan #4 Restore funding for the Arts. COST $30 MILLION 10 Point Plan #4 Invest in mass transit. (Cost indeterminate). 10 Point Plan #6 Prioritize funding towards Pure Michigan. COST $20 MILLION |
| COST:/strong> | $143 million | $360 million | $205-$368 million | >$200 million |
| RESULT: | BBudget out of balance by $1.94 billion. State goesBANKRUPT. |
Budget out of balance by $2.86 billion. State goesBANKRUPT. |
Budget out of balance by $2.2 billion. State goesBANKRUPT. |
Budget out of balance by $1.7 billion. State goesBANKRUPT. |
| SOURCE: | May 1, Capitol Confidential (report of AFP forum) | From Putting Michigan Back to Work | From website Issues/Taxes | From website: 10 Point Plan #2 |
