I love how selective the Free Press is when they say that business groups support the State Democratic business tax plan. They point to the Michigan Manufacturer's Association and suggest that 3/4 of businesses are receiving tax breaks.
So, what are the 1/4 of businesses who are going to be paying so much more in taxes that they can fund tax breaks for the 3/4 that are getting them? The service industries - finance, banking, insurance, lending, medicine, legal, accounting, technology, business consulting. You know, the segment of the economy which is actually growing and keeping the state afloat. Of course, the manufacturing industry will love it - it'll shift taxes from the less profitable manufacturing industries (which are hemorrhaging jobs) onto the highly profitable service industries (which are creating jobs in record numbers). That's okay, though, because insurance companies and mortgage lenders and banks are evil and we should punish them as much as possible. After all, who needs home-owners insurance when there are no mortgage companies around to loan you money to buy a house?
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment