Thursday, March 10, 2011
Michigan Budget: The Shift Hits the Fan
Governor Snyder's budget proposal is a tax shift burdening the poor, seniors and children to benefit corporations. 1) Eliminate the Earned Income Tax Credit. 2) Reduce K-12 funding by $499-$700 per pupil, which will force some marginal school districts into a position prime for appointment of a financial manager. 3) Replace MBT with a 6 percent corporate tax. 4) Tax public and private pensions at 4.25 percent. (Problematic - Michigan constitution prohibits public pensions from being reduced.) The lowest income families in Michigan will see their taxes raised 10 times the wealthiest 1 percent. We need to do better than this. The Republican agenda is in full play: it's not about jobs, it's not about the economy. It's about reducing women's access to healthcare, union busting, eliminating democratic process, and blaming the middle class, seniors and the poor for the economy. None of what's in the Michigan budget will create jobs. Nothing. AARP is organizing a rally to protest Snyder's budget proposal on Tuesday, March 15 in Lansing at the State Capitol from 11 a.m. to 1 p.m. Please join us.