Michigan is like the poor waif looking in at the opulence from a cold frustrating place. The rest of the country is enjoying the feast while Jennifer Granholm is content blaming Bush for our woes and taxing the life out of those of us and businesses struggling to stay.
In a whispy headed attempt to scare tax-payers into “putting out,” she announced yesterday that she would be taking away $125 in funding per public school student and cutting Medicaid funding for hospitals by 6%. Am I shuddering? No, I’m mad!
In 2004, 72 percent of Michigan State University’s graduating class secured jobs in Michigan. The following year, that number went down to about 62 percent. In 2006, the percentage of MSU students finding employment within Michigan dipped to about 50 percent, according to Phil Gardner, director of the Collegiate Employer Research Institute at Michigan State University.
In light of this not so new development, perhaps Ms. Granholm should consider cutting the Michigan Promise Scholarship program which gives money to any Michigander high school graduate who merely takes the MEAP or MME standardized test and maintains a measly 2.5 GPA in college, university, technical school, or other approved post high school education.
Students who do not receive qualifying scores on the state assessment test will still receive up to $4,000 after the successful completion of two years of postsecondary education with at least a 2.5 GPA associate’s degree, two-year certificate, vocational education program or 50 percent of the academic requirements for a bachelor’s degree).
Bolding mine – So they don’t even have to complete the degree requirements.
Oooh, free money:
Scholarship and grant amounts that exceed tuition, fees and books are considered to be taxable income and are to be reported as such on income tax filings. For more information, discuss with a financial advisor.
Comerica Inc. was founded in 1849 in Detroit and the Detroit Tigers play in Comerica Park, but this week the bank holding company announced it is moving its headquarters to Dallas–where, it said, the bigger growth opportunities are. Consider it one more vote of confidence in the state the national expansion forgot, and especially in Michigan Governor Jennifer Granholm’s economic agenda.
Re-elected last year, Ms. Granholm recently rewarded the voters by announcing some $1 billion in new fees and tax increases. The plan would charge Michigan residents higher levies for almost every activity inside the state with a moving part. She would tax trucking, shopping, smoking, hunting, fishing, drinking beer and liquor, using a cell phone and, yes, even dying.
Her plan does complete the phase-out of the state’s hated “single business tax,” which the Tax Foundation has called one of the most anti-growth business taxes in the nation. She should have stopped right there. Instead the Governor wants to create a new corporate income tax as well as a new 2% excise tax on upwards of 100 business services. The net effect would be to raise Michigan’s overall business tax burden. She’d also impose a 5% death tax on estates valued at more than $2 million–which is a sure way to encourage even more Michigan retirees to relocate to Florida.
Then she subsidizes college educations with our tax money and the graduates are fleeing the state to find jobs. Talk about an absurd investment into Chicago’s future with kisses from Michigan.
Kelley Bishop, executive director of career services at MSU, said a growing number of Michigan students are making a home in Chicago. A survey taken by his office on graduating MSU students found that, in 2003, 6 percent of the student population relocated to Chicago. In 2004, that number grew to 8 percent; 2005, 12 percent; and 2006, 15 percent.
Bring on the “Bobs” to clean out Michigan Government. They certainly couldn’t hurt it any more than Granholm and her pals already have.
Just wondering Ms. Granholm…where’s all that extra revenue our state was supposed to see from the mandatory delay in the start of the public school year until after Labor Day?