Everybody knows about Rick Snyder's plan to let most businesses get away with paying no taxes in Michigan while shoveling the burden onto poor people and retirees, with no guarantee that the state will get anything in return.
Snyder claims that businesses will automatically flock to the state and create thousands of jobs -- not that any of those jobs would help retirees, of course.
As part of that deal, Snyder was supposed to get rid of the incentives that required businesses to actually produce jobs in return for getting the credits.
Except now it looks like he's waffling on that. According to the Detroit Free Press, economic development groups are telling the Snyder administration that they can't compete with other states that offer incentives. So it looks like the Snyder administration will raise the $50 million limit it wants to put on incentives.
Which means businesses will get the benefit of low or no taxes, plus incentives. All paid for by somebody else.
Who said there's no such thing as a free lunch?
No comments:
Post a Comment