That sucking sound you just heard is $700 million in taxes being pulled out of your wallets for more Democrat government spending.
The Detroit Free Press: Michigan's income tax rate can rise in 2024, judge says
A Court of Claims judge this week dismissed a lawsuit from Republican state lawmakers and business advocacy groups asking that the default income tax rate in Michigan remain at 4.05% instead of 4.25%.
Barring a successful appeal, that likely clears the way for the state's income tax rate to return to 4.25% for the 2024 tax year, a change expected to bring about $700 million more into Michigan's general revenue fund.
That was Judge Elizabeth Gleicher, who tends to rule for the Dems, and here she nullified one of the words in the statute, making the tax decrease for one year only rather than it properly being the baseline under the law subject to being raised by further legislation.
But not to worry, that revenue will be used to bribe you to buy electric cars and to benefit Democrat-supporting unions in this state:
Yahoo News: Michiganders could save up to $2,500 on a new car under Whitmer rebate proposal
Whitmer's latest proposal for a state tax rebate lowers cost based on the type of vehicle purchased:
$2,500 for a new battery electric or hybrid vehicle made in a unionized facility
$2,000 for a new battery electric or hybrid vehicle made in a non-unionized facility
$1,500 for a new internal combustion vehicle made in a unionized facility
$1,000 for a new internal combustion vehicle made in a non-unionized facility
So a nice boost to push people to buy union-made cars, and electric ones as well, and a rebate to new car buyers at the expense of, and paid for, by everyone else in this state that likely would have preferred top keep their money in their pocket rather than for these Democrat-agenda-driven rebates.
A $700 million tax increase is quite the Grinch move there.
2 comments:
That's as stupid as cash for clunkers - It will not increase car sales only give taxpayer money to people that were going to purchase a vehicle anyway. Democrats have little or no understanding of economics and do not want to learn!
Happy Birthday to our Savior and Merry Christmas to all of you!
At least the Empress of Lansing and her bunch were able to spend down the huge budget surplus, so that they could justify the return to higher taxes.
I asked my dad when I was young, what is the difference between Republicans and Democrats. My dad, a lifelong UAW worker, said that the Democrats try to tax more and spend the money, while Republicans wanted to tax less and reign in spending.
It seems as if my dad, who dropped out of school in the 8th grade, had a very firm grasp of politics. And nothing has changed in the past 50 or so years.
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