That's because Michigan taxes are still way too high. There is even a seperate Michigan State Tax for businesses. I know because I have paid it.
Of course there's a state tax because all businesses benefit from state expenditures, especially education and roads.
OK, since you didn't like my last deal, let me make you another offer. You do not have pay any state business tax whatsoever, but for every employee that you have, you must pay half of their entire education from kindergarten on through college (half because also the employee benefits from this education as well, obviously). Also, you must pay for a portion of the road construction and upkeep that your business (I assume you are an business owner) uses besides just what the average driver pays.
So you don't get hit with the latter at all one time, we'll let you cover that with higher gasoline taxes with the increase being provided by the state. Now, how's that for a deal?
Actually it does. The moneyis mainly wasted. Michigan state employees have very powerful unions.
Unions have become less powerful, plus civic unions have had to settle for less because of budget constraints.
Secondly, how do you explain the fact that Sweden and Finland, both of which have significantly higher taxes than us, also of which has fewer resources than us, have a higher standard of living than us? Again, as with many self-proclaimed "conservatives", they simply do not understand that tax money simply doesn't dissolve into thin air.
Businesses in Michigan have operated on razor thin margins. The high taxes can easily cause them to fold. And many businesses in Michigan have folded because they couldn't pay their expenses. One of the biggest expenses is taxes.
Small businesses always have problems in every state no matter what the tax rate may be, so many states and localities, including Michigan, often give some tax relief to start-up businesses. After a while, they should be able to compete on their own, and if they can't, I'd propose that it's probably not the taxes that's the problem. Anyhow, why should they be given a free-ride at what would be the expense of others?
It's based on paying off favors. The more groups of people you promise looted taxpayers' money, the more group that will vote for you.
I won't argue with that as I do believe how we vote on this and many items should be changed through a constitutional amendment. So much of this pork gets passed on through riders on other bills.
The only area that Obama has been able to gut has been defense. Everything has else has gone way up. We have had the largest defecits in American history.
Defense has not been "gutted", as the Pentagon and Joint Chiefs of Staff have acknowledged. Again, let me repeat, we pay more for defense than
all other nations combined.
Secondly, the deficit is coming down, and we had no choice to bail out the large banks unless we were willing to watch our economic system collapse, and that's not likely an exaggeration. I honestly don't think most Americans have a clue to how close we came to an economic meltdown.
And if Obama had not bailed out G.M. and Chrysler, what do you think your house and business would be worth now in this area? Hey, I got change for a $5.
The best way to help the American people is to signficantly decrease taxes, allow businesses to keep more of their own money, let them grown, and that will allow more people to get employed and perhaps even increased salaries.
I hate to say this, but that is about as mean-spirited as one can get, imo. What you are doing is to sharply cut services and basic help needed by so many, especially the poor and lower middle class. Charity alone has not been ever able to handle the problem, and charities are having an even harder time trying to keep up with demand, and some charitable food pantries have been running low. No matter how much business may grow, there never will be enough increased employment to cover all those who are out of work or who work in very low paying jobs minus benefits.
According to halacha, it is our responsibility as Jews, including through governmental bodies, to help the poor and those in need, and that simply cannot and will not be done by continuing to cut taxes. Yes, I do believe that our entire tax code at both the national and state levels need to be reviewed and revised, and just one proposal would be to have a federal corporate tax rate at a fixed 10% and supplement that with a VAT, which is a formula the Swedes have successfully used to get out of their doldrums.