Friday, February 25, 2011
Good, Bad and Ugly of Gov. Snyder's Budget
Gov. Rick Snyder’s first budget fell short of the “atomic bomb” promised by Lt. Gov. Brian Calley, in part due to the fact that a megaton of further spending and tax cuts were left on the table. Overall, the budget moves the state in a positive direction with greater tax simplicity, more transparency, less corporate welfare and fewer discriminatory tax policies. Among the lost opportunities is the fact that the net effect is a tax shift, not a tax cut. Yet as Mackinac Center analysts have shown, by bringing government employee benefits in line with private-sector averages, $5.7 billion in...
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