Michigan residents especially the young, the old and the poor should take notice of the new tax proposals of the new Republican governor, Rick Snyder! It is not a pretty picture and hopefully his cronies in Lansing will challenge him and not pass the bill! This is a rude awakening for people who voted for Snyder! Now, Michiganders would love Jennifer Granholm to come back! Is it time to recall Rick Snyder as the governor of Michigan????
His budget cuts are mainly for the young....in education...he is cutting the state aid for universities for 15 % and will cut public schools by 4 % or $470.00 per student! That is a big cut and will not be good for the students, the teachers and the schools!
Snyder wants to decrease state aid to local government. How much more can the cities take the burden? If that is done, heaven forbids...will the property tax increase? That is not possible considering that the value of houses have deteriorated!
Tax credits for the film industry will be limited at $25 million. Currently, there is no limit! If he cuts it, there goes another source of revenue for the state of Michigan out the window!
Snyder also plans to eliminate the additional $2,300 exemption that seniors can claim, and the $600 per child deduction for parents! That is not good because seniors does not have many deductions to start with and if he eliminate this exemption, seniors will be paying higher taxes which they could not afford!
Income tax rate would remain at 4.25 %! Wow!
Private pensions will be taxed. Public or former state employee pensions will be exempted! Why is that? This is not fair! What is the purpose of the taxing of the private pension? Per Snyder, it would generate $900 million toward the $1.5 billion cost of Snyder's plan to replace the 6% profit tax on businesses. In other words, the governor is taxing seniors so Michigan businesses can pay less! Snyder owns businesses in Michigan, is he not? This will really be a big plus for his business! No wonder he could afford to only get $1 per year salary! What does Snyder wants seniors to do? To go back to work until they die? He is a tough,cold hearted individual! I am really dissapointed at how our elected Republican is turning his head against of all people...the seniors! He really want the seniors to suffer and die quickly it seems!
What is our beloved Michigan going to be? If he gets this passed, this state would not really be good for seniors! It would really be a shame to see more seniors living in poverty, all because the new Republican governor wants to tax the hard earned dollars that the seniors deserved! All seniors should band together and march to Lansing to tell the governor to leave the senior's pension alone!
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