Do you know what this means? Do you? Besides the fact that we might lose those studios and new jobs and kids training for the industry and publicity and all that other good stuff? This means that I have to side with Mike Bishop, and I'm really not happy about that. Not at all.
The Senate's GOP majority leader says he isn't interested in limiting tax credits if they're stimulating the economy.
THAT'S how stupid this idea is. With other states moving recently to increase their incentives to capture this industry, we would be nuts to send the message that we are even thinking of limiting this business. C'mon Mick, what in the hell is wrong with you lately?
Price tag for the 2010 state budget lawmakers are now also drafting? More than $1.1 billion, according to Wednesday's analysis by the Senate Fiscal Agency.
In 2011, the cost of Senate Bill 346 jumps to $1.3 billion as more homes are sold and more credits claimed. It's the single most generous tax cut in Michigan history. If the House were to pass it, which it won't, or if Gov. Jennifer Granholm were to sign it into law, which she wouldn't, three-quarters of state aid to Michigan's 15 public universities would have to be axed, for example.
Add in the $1.2 billion in tax cuts previously approved by the Senate this year and the total soars past $2.5 billion, more than the entire cost of Michigan's prison system and state police.
Yes, Virginia, these are the people that insisted that they would "take the lead" this year because the House had too many new members, and also insisted that they oversee the stimulus money because... well, they're just so gosh darn good at this.
Be afraid. Be very afraid.
If they find me keeled over at the ballpark, clutching my heart with a big grin on my face, you'll know what happened. I'll haunt the Capitol in the off-season, I promise.