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Benevolent overlord's tax hike on job creators takes effect

by: Eric B.

Sat Feb 16, 2013 at 09:37:38 AM EST


Well, this'll play well with people already annoyed by the way Right to Work was rammed through the Legislature practically in the dead of night.

In the height of tax season, many Michigan residents owe more money to Lansing.

Some major income tax changes approved 21 months ago by Gov. Rick Snyder and lawmakers are just now starting to hit taxpayers filing their state returns.

There've already been a couple of stories circulating in the media about this. So, why bring it up? Because it amounts to a war on Wal-Mart.

Wal-Mart is facing a scary reality: the ailing finances of its core customers, Brian Sozzi, chief equities analyst at NBG Productions, told us.

"Wal-Mart shoppers are the barometer of the U.S. consumer, and these emails reflect common sense about customers," Sozzi told us. "The consumer isn't mentally or physically ready to spend on discretionary inventory and there's no reason to be optimistic."

"The fundamental health of Wal-Mart's customer is concerning," Sozzi said. 

...snip...

Wal-Mart CEO Mike Duke, told Women's Wear Daily last year that his customers weren't confident in the economy. 

“They are middle-class Americans and those aspiring to join the middle class,” Duke said. “Our customers are working hard to adapt to the ‘new normal,’ but their confidence is still very fragile. They are shopping for Christmas now and they don’t need uncertainty over a tax increase.”

Or, certainty over it. Again, the real job creator is the American consumer, who actually creates the demand for goods and services. What do we suppose is going to happen in Michigan stores that see stagnant sales or even a decline? Fewer employee hours.

Eric B. :: Benevolent overlord's tax hike on job creators takes effect
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I'm confused... (0.00 / 0)
Is this not the same Republican party that stands firmly against taxation in all it's forms? They run their election campaigns on not only refusing to raise taxes, but on cutting them. They support an impressive array of think tanks that produce reams of evidence purporting to prove that taxation is the death knell for economic activity.

Yet they cheerfully increased taxes on working poor and middle class families, and are now planning yet another increase on those very same people? Did I miss something?


Homestead Tax Credit (4.00 / 1)
From the Freep article...
One of the most significant adjustments: Homeowners and renters used to qualify for a credit if their household income was no more than $82,650 a year. Now they don't get it unless their total household resources are $50,000 or less and their home's taxable value (roughly half the market value) is no more than $135,000

My family is right in the middle of that range; more than $50,000 and less than $82,650. Since we lost that credit, this year we're paying over $1100 more to the state than we did last year. We could live with it if the state was actually investing in education and infrastructure, but that hasn't been the case. It's been right-to-work, tax cuts for businesses that still aren't hiring, limiting women's reproductive rights, keeping LGBT people from acquiring health benefits for their spouses and partners, etc.

This year's funding (which is actually a cut, once again) for education that Snyder and Republicans are giving out has tons of strings attached. Take Prop A, combine it with the absolute disdain for public education that Republicans hold, and we've now gotten to the point where there is little local control over public education. You want to give your teachers more in salary and benefits? Too bad. You want to spend more on extra-curricular activities? Too bad. You want to spend more time working on kids' writing? No, you can't because according to the state curriculum guidelines you have to work on X and Y for next year's Standardized Test, and if the scores don't improve we'll give you less money. You don't want to privatize food service, bus service, or janitorial work? Too bad.

At this point, why even bother with a local school board if all of their decisions have to fit within a very narrowly defined criteria? (Teachers MUST pony-up for 20% of health care premiums. Districts MUST out-source non-education-related expenses.)

So as far as I'm concerned, since the state is taking a grand more a year from me and my family and the continuing policies are to fuck over education, workers, women, and the LGBT community, I'm against any more tax increases or "revenue enhancements."


WalMart (4.00 / 1)
The rich thing about this is that it's WalMart coming out of the shadows.  The same WalMart so large that it has been complicit in the driving down of wages at other retailers.  

Your customers aren't poor because of increased tax obligations and burdens; they are poor because companies like your's have been on the wrong side of every labor battle in the history of your store.

This is WalMart concern trolling.  It's so disingenuous as to make you want to vomit.


I know, it's also great (0.00 / 0)
Let's the rest of us exercise a bit of rhetorical judo on them. We've all said that wages are being driven down while the poor at the same time are being told to carry a greater load of the tax burden, and now the retail change that has most benefited from the working poor is saying that it's biting into their bottom line.

Among the Trees

[ Parent ]
And.... (0.00 / 0)
typical voter will forget all this and blame Obama.


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