By raising taxes!!!!
Typical liberal solution - we have too many entitlement programs, businesses fleeing the state, so let's raise taxes! Complete and utter idiocy.
The line to recall Granholm starts behind me.
By the numbers: What the taxes will cost you
October 2, 2007
INCOME TAX
What happened: The state income tax rate was increased from 3.9% to 4.35%.
How much it will raise:
$744.8 million
Took effect: Monday
What it will cost you: ???
SERVICES TAX
What happened: The state's 6% sales tax was expanded to about 60 services.
How much it will raise:
$613.8 million
Takes effect: Dec. 1
What it will cost you:
Tanning
Now: 10 visits for $34.95 to $65
After Dec 1: 10 visits for $37.04 to $68.90
Party planning services
Now: $1,500 flat fee up to $10,000
After Dec. 1: $1,590 to $10,600
Wedding chapel rental
Now: $199 to $529
After Dec. 1: $210.94 to $560.74
Ski lift tickets
Now: $28 to $57
After Dec. 1: $29.68 to $60.42
BUDGET CUTS
What happens next: The taxes didn't fill all the budget deficit gap. The Legislature needs to cut its spending over the next 12 months to make up the difference.
How much to be cut: $435 million
How soon: Legislature has 29 days.
What might be cut:
Aid to Michigan's community colleges and 15 public universities may be frozen.
Medicaid costs, by tightening eligibility, possibly eliminating 19- and 20-year-olds from the rolls.
Medicaid payments to doctors and hospitals.
Welfare, by limiting eligibility to four years.
Rescinding a planned 2.5% increase for K-12 public schools.
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