Proposal 1 explained in detail... The Legislative leadership in Lansing NEVER REPEALED and has NO Intention of repealing the Personal Property Tax. The Political arrogance of Proposal 14-1 is found in Public Act 90 of 2014, which has a bifurcated fiscal bite! First if Proposal 14-1 fails as it should at the polls in compliance to Public Act 90 of 2014, Public Act 153 of 2013 is instantly repealed. Public Act 153 of 2013 did not repeal the Personal Property Tax; it established a floor of exemption of $80,000 Dollars for the assessment of tangible personal business property. Proposal 14-1 is an expansion of government, and subsequently a tax increase. In fact Public Act 93 of 2014 which is part and parcel of Proposal 14-1 itself, states “use tax with new revenue generated”! Fiscal year 2015 under Proposal 14-1 the first state wide tax gleaning is 96.1 millions. Then over the following ten fiscal years the State wide tax gleaning increases 572 percent to 572 millions. Any Legislative incumbent or candidate who claims this Proposal 14-1 is a “tax cut” substantiates they never read the five series of Public Acts that collectively are Proposal 14-1. Now where is this so called 500 million tax decrease that is boldly proclaimed by the usual suspects promoting the expansion of OUR State Government? It does not exist, never existed. In fact Public 93 of 2014 § 2 states clearly the intent is to derive NEW REVENUES by assessment! In plain speak, that is a TAX INCREASE. Public Act 93 of 2014 § 2 : “It is the intent of the legislature to offset the fiscal impact on the state general fund resulting from the reduction of the state use tax with new revenue generated by the assessment levied under this act and with new revenue resulting from the expiration of over $630,000,000.00 in expiring refundable tax credits that were awarded to individual businesses under tax laws enacted by past legislatures.” By the way “were awarded to individual businesses under tax laws enacted by past legislatures” is the statutory definition of “Crony Capitalism”. Proposal 14-1 is a legal fiction wherein the ultimate goal is first to mislead all Michiganders, and secondly to impose new revenue streams for the State and its statutorily defined authorities known as “Local Units of Government. Capitol Confidential “assistant fiscal policy expert” James Hohman’s analysis promoting Proposal 14-1 leads to serious questions as to his abilities to comprehend statutory language. This Proposal 14-1 is a collection of six pending Public Acts which when read collectively substantiate this all about expanding government. How do members of the State Legislature fund the expansion of Government? Well it will not be funded by tax cuts, which is why Proposal 14-1 is on the ballot. Thanks Ken!!!!
Posted on: Sun, 03 Aug 2014 13:26:17 +0000
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