JustRalph
10-11-2007, 02:58 AM
This is crazy.........12 Friggin Percent~!!!!!
http://article.nationalreview.com/?q=MDk1ZmI1ZDFlMjYzMmJmY2E3MzEzMTQ2NDlhY2ZlMTM=
In 2006, Michigan — like the country at large — saw strong Democratic gains at the expense of the Republicans’ Achilles heal: The Iraq war. A year later, however, economic pain is the dominant issue as the state’s 7.4-percent unemployment rate badly lags the national economy, the Big Three automakers are in desperate straits, and home foreclosures are mounting.
Then, two weeks ago, state Democrats threw a match on this economic tinder.
Facing a $1.75 billion state budget deficit, Michigan’s Democratic governor, Jennifer Granholm, and her newly Democratic statehouse led a partisan charge for one of the largest tax increases in state history: A $1.35 billion penalty on income and sales taxes.
In a state where families saw home values plummet 17 percent in August alone, a 12 percent income tax hike seems cruel and irresponsible. The governor praised her Democratic colleagues’ “courage” for doing the politically difficult thing, but a pinched electorate saw only cowardice.
~more at the link~
http://article.nationalreview.com/?q=MDk1ZmI1ZDFlMjYzMmJmY2E3MzEzMTQ2NDlhY2ZlMTM=
In 2006, Michigan — like the country at large — saw strong Democratic gains at the expense of the Republicans’ Achilles heal: The Iraq war. A year later, however, economic pain is the dominant issue as the state’s 7.4-percent unemployment rate badly lags the national economy, the Big Three automakers are in desperate straits, and home foreclosures are mounting.
Then, two weeks ago, state Democrats threw a match on this economic tinder.
Facing a $1.75 billion state budget deficit, Michigan’s Democratic governor, Jennifer Granholm, and her newly Democratic statehouse led a partisan charge for one of the largest tax increases in state history: A $1.35 billion penalty on income and sales taxes.
In a state where families saw home values plummet 17 percent in August alone, a 12 percent income tax hike seems cruel and irresponsible. The governor praised her Democratic colleagues’ “courage” for doing the politically difficult thing, but a pinched electorate saw only cowardice.
~more at the link~