Tuesday, March 17, 2009

Ding dong of the year

Your economy is bordering on a depression....... what do you do?
If you are a dumb ass like Gov. Granholm of Michigan, you raise taxes on the highest incomes in the state........

Gov. Jennifer Granholm said today she would support a graduated state income tax in return for eliminating a much-criticized surcharge in the Michigan Business Tax.

Granholm said she has talked with legislators and business people about a constitutional amendment to change Michigan's flat income tax -- now at 4.35% -- to a graduated tax in which more affluent taxpayers would pay a larger percentage than lower income taxpayers.

Granholm said such a plan would need overwhelming support because it would require a statewide ballot to amend the constitution. Business groups and conservative tax advocates have long opposed a graduated income tax, while liberals have supported the concept.


Probably why Michigan is an armpit today.

More.....

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