More States Raising Taxes On Poor - The Orange Mane

That One Guy · 11-15-2011, 08:32 PM

I know this came up back in the day but it appears to be spreading to some degree. I first heard about it as just Michigan but there's three states listed here. I think the message is pretty clear: "Poor people, GTFO"

LANSING, Mich. (AP) — Michigan is among just a handful of states raising taxes on low-income working families while cutting taxes for other groups, the Center for Budget and Policy Priorities said in a report released Tuesday.

The Washington-based group notes that Michigan, New Jersey and Wisconsin all have scaled back tax credits for low-income workers in recent years while cutting business taxes. In Michigan's case, low-income families will see their tax breaks shrink starting next year by about $260 million annually while businesses will get a $1.1 billion tax break starting in January and a $1.7 billion tax break the year after.

http://news.yahoo.com/study-michigan...000348787.html

El Jué · 11-15-2011, 09:22 PM

Interesting strategy. We'll see if it's more effective than taxing the businesses with the equally clear message, "Jobs, GTFO."

11-15-2011, 08:32 PM	#1
That One Guy Producer of Nonsense Join Date: Aug 2006 Location: Sun and Beachville Posts: 14,042 Adopt-a-Bronco: None	More States Raising Taxes On Poor I know this came up back in the day but it appears to be spreading to some degree. I first heard about it as just Michigan but there's three states listed here. I think the message is pretty clear: "Poor people, GTFO" LANSING, Mich. (AP) — Michigan is among just a handful of states raising taxes on low-income working families while cutting taxes for other groups, the Center for Budget and Policy Priorities said in a report released Tuesday. The Washington-based group notes that Michigan, New Jersey and Wisconsin all have scaled back tax credits for low-income workers in recent years while cutting business taxes. In Michigan's case, low-income families will see their tax breaks shrink starting next year by about $260 million annually while businesses will get a $1.1 billion tax break starting in January and a $1.7 billion tax break the year after. http://news.yahoo.com/study-michigan...000348787.html

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

11-15-2011, 09:22 PM	#2
El Jué Somewhat disillusioned Join Date: Feb 2008 Posts: 302 Adopt-a-Bronco: Gene Mingo	Interesting strategy. We'll see if it's more effective than taxing the businesses with the equally clear message, "Jobs, GTFO."