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Michigan's Single State Recession
National Review Online ^ | 10/18/06 | Greg Kaza

Posted on 10/21/2006 6:54:23 PM PDT by WarrenC

click here to read article


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To: taildragger

http://www.freerepublic.com/focus/f-news/1534032/posts

University of Michigan "How to be gay" class details


41 posted on 10/22/2006 1:00:23 AM PDT by cowtowney
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To: Brilliant

Gray Davis couldn't make a good sandwich.


42 posted on 10/22/2006 2:41:21 AM PDT by Joe Boucher (an enemy of islam)
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To: Brilliant
But then they also said that Gray Davis would make a good President.

Just the other day I was thinking about how I hadn't seen or heard Gray Davis' name in so long. He pulled the biggest disappearing act I've ever seen. From California Governor and promising Presidential hopeful to nobody overnight. I wonder where he is?

43 posted on 10/22/2006 2:50:29 AM PDT by rogue yam
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To: Joe Boucher
Ted Kennedy and Chris Dodd know how to make waitress sandwiches.
44 posted on 10/22/2006 3:24:44 AM PDT by dancusa (For liberals there is no end to their rights and no beginning to their responsibilities.)
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To: rogue yam

I thought he was a professor.


What every failed politician is qualified to do.


45 posted on 10/22/2006 5:44:03 AM PDT by Brilliant
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To: DrDavid
My wife and I moved to Atlanta because she has a fellowship at Emory. I had to find a new job when we moved down. I had two job offers in the first week. What are the chances of that happening in Michigan?

I believe that 25 years, Michigan will be as poor of a state as Mississippi or Alabama was 30 years ago. I believe it is inevitable that Ford and GM go bankrupt. Both can hardly make a profit when the economy is going well. Imagine Ford and GM's losses when the nation has another recession.

One benefit in the long run for me is that when I retire in 30 years or so, maybe I'll be able to buy a nice lake front place in the Traverse City area for a decent price. I don't believe there will be nearly as many wealthy people who can afford lake houses in Michigan by then.
46 posted on 10/22/2006 5:45:55 AM PDT by FightThePower! (Fight the powers that be!)
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To: WarrenC

I was born in Michigan and lived there the first 24 years of my life.

I moved to Texas in 1979 for economic reasons, and have been happy in the Lone Star State ever since.

Meanwhile, Michigan continues its long slide to becoming the Arkansas of the northern tier of states.


47 posted on 10/22/2006 5:48:05 AM PDT by No Truce With Kings (The opinions expressed are mine! Mine! MINE! All Mine!)
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To: patton

Had houses in jxn and burt lake - now in VA.


48 posted on 10/22/2006 6:44:51 AM PDT by patton (Sanctimony frequently reaps its own reward.)
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To: annelizly

oops, #48 was to you.


49 posted on 10/22/2006 6:48:37 AM PDT by patton (Sanctimony frequently reaps its own reward.)
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To: TheHound

in Missouri, they run daily radio ads


Would ya believe in Flori-DUH too?


50 posted on 10/22/2006 6:48:57 AM PDT by litehaus (A memory tooooo long)
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To: WarrenC
My plant which is on Detroit's east side and which has been in existence for over 80 years is scheduled for closing by December 31.

Result: a loss of jobs for 511 employees...........

51 posted on 10/22/2006 6:55:48 AM PDT by Hot Tabasco (Cure for liberal stupidity: Louisville Slugger, apply directly to the forehead!)
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To: DrDavid

"You are right Granholm has done little to help Michigan grow."

Granholm is incapable of understanding market forces, the effect of bad government policy and how to fix it.

She's a trained Marxist from the University of Berkeley who wrote a doctoral thesis titled "Why I love French communists."

The Zoning Enabling Act she signed on July 1 is Michigan's version of soviet socialism imposed on private property owners. It will be a complete disaster and cause property values to plunge.

She's spent $100 million for signs, lamp posts and refurbishing former foundries into apartments under the "Cool Cities" fiasco.

I call her the "Marxist Mistake on Michigan" for a reason.


52 posted on 10/22/2006 7:09:58 AM PDT by sergeantdave (Consider that nearly half the people you pass on the street meet Lenin's definition of useful idiot)
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To: TWohlford

In other words just plain old poor leadership by the chumps in office,sounds just like how mexifornia is ran.


53 posted on 10/22/2006 7:10:31 AM PDT by Vaduz (and just think how clean the cities would become again.)
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To: sergeantdave

"She's a trained Marxist from the University of Berkeley who wrote a doctoral thesis titled "Why I love French communists." "


Where did you find that info? I'm assuming it's not tongue in cheek. I'd love to use that as a reference for the libs in my office who love her.


54 posted on 10/22/2006 9:49:02 AM PDT by b359 (The goat is old and gnarly....)
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To: b359

That's my title for her lib thesis, but she did praise French socialists in her diatribe.


55 posted on 10/22/2006 10:05:28 AM PDT by sergeantdave (Consider that nearly half the people you pass on the street meet Lenin's definition of useful idiot)
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To: WarrenC
Single Business Tax is Dragging Down Michigan's Economy

by Chris Atkins and Jonathan Williams

(The following article originally appeared in the March 25, 2006 edition of the Lansing State Journal.)

Michigan's economy is a mess, and most lawmakers agree the Single Business Tax is a big reason why. Yet Gov. Jennifer Granholm is filibustering every effort to repeal the notorious tax, and her threatened veto of a new bill would again stall progress on the state's business tax climate.

The Michigan House of Representatives and Senate have passed a bill that would kill the SBT and give lawmakers a year to come up with replacement taxes. But Granholm insists on immediate replacement revenues.

She and her allies have floated numerous rationales for their SBT addiction: That Michigan doesn't have high business taxes, that Michigan cannot afford tax reform, and that reform would shift the burden of taxation from businesses to individuals. None of them bear close scrutiny.

On the issue of how bad Michigan's taxes really are, former Treasury official Robert Kleine has repeatedly defended the SBT, citing Michigan's ranking in the middle of the pack on taxes, not at the bottom like New Jersey or New York.

This claim to mediocrity is accurate: Michigan's combined state-local tax burden is 22nd highest, and its business tax climate ranks 26th.

But what makes Michigan fall below half the states when its personal income tax gets rave reviews? Answer: the SBT, which levies the nation's highest effective tax rate on corporate income (over 15 percent), and extracts the 7th highest per capita corporate tax revenue. Thus, while Michigan overall has an average business tax climate, the SBT is a millstone around the state's neck.

Next objection - Michigan cannot afford tax reform. Not long ago Granholm vetoed a bill that would have cut the SBT rate for small businesses, saying the state general fund couldn't afford a $30 million reduction. That's only a penny a day for each state resident, yet she found it unaffordable!

Of course, everyone knows Michigan already is losing a lot more than $30 million a year from mass layoffs and major bankruptcies. A more business-friendly tax code could help cure the disease instead of using higher public spending to apply Band-Aids.

One final, mistaken argument that members of both parties are using - SBT repeal would "shift the tax burden" from businesses to individuals.

No one should kid themselves about who ultimately pays the price of business taxes like the SBT: the people of Michigan. The first to pay are employees of Michigan businesses - people who make lower wages or perhaps even lose their jobs.

Next are those who have investments in Michigan businesses. Finally, consumers pay more at the cash register for goods made by Michigan companies. In other words, the old saying is true: corporations don't actually pay taxes - people do.

Hopefully lawmakers can see through the smokescreens, scrap the SBT and come up with a solid replacement tax. Gov. Granholm should put away her veto threat and work constructively for the next 21 months to make that happen.

56 posted on 10/22/2006 10:15:19 AM PDT by Extremely Extreme Extremist (Why can't Republicans stand up to Democrats like they do to terrorists?)
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To: dancusa

I'd heard that, bet they were great too.
wait, I just saw a cow jump over the moon.


57 posted on 10/22/2006 1:31:24 PM PDT by Joe Boucher (an enemy of islam)
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To: WarrenC

bookmark bump


58 posted on 10/25/2006 4:43:44 PM PDT by lepton ("It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift)
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