Michigan Running a Surplus – Who Knew?

If you heard Jennifer Granholm talk, you’d never know there was a surplus. Our state is bleeding businesses and people. The ONLY industry that Granholm saw fit to offer incentives was Hollywood (movie/television etc.). It was a great lesson showing that tax cuts/incentives to industry work – but I guess the stars in her eyes blinded her to the fact that it would work across the board. In any case – I want my money back!

“Taxpayers deserve a refund!”
-Attorney General Mike Cox

MORNING UPDATE

Cox calls for state tax refund…Attorney General Mike Cox says the state is overcharging taxpayers, and more than $700 million should be refunded to them to help with car, house and other payments. He said when the state raised income and business taxes in October 2007, it was sold as a means to deal with an economic crisis. And yet, he noted, the state ended the last two fiscal years with surpluses, including $712 million for the fiscal year that ended Sept. 30.

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