After winning the Republican nomination for governor and then the Michigan governorship without having to utter a peep about what he stands for, Rick Snyder finally has had to show his true colors with his state budget.
In a nutshell, Snyder thinks Michigan should raise taxes on senior citizens in order to give tax breaks to businesses. Snyder wants to tax Grandma.
The Detroit Free Press says Snyder will propose ending the state income tax break on retiree pensions and IRA withdrawals.
Snyder's administration says the $1 billion tax increase on senior citizens would offset the $1.5 billion hole in the budget left by eliminating the Michigan Business Tax. So Grandma and Grandpa will be paying the taxes that used to be paid by Walmart.
Apparently, Snyder thinks the way to attract business is to drive away people. Some of those senior citizens also have residences in Florida, which has no state income tax. Michigan's tax break for senior citizens leveled the playing field and encouraged many to keep a residence in Michigan. This could put some of them over the edge, encouraging them to give up their Michigan residency.
The news media has consistently referred to Snyder as a "moderate." Wonder if they'll keep it up now that "moderate" means taxing Grandma.