Report: 10 states face looming budget disasters
Michigan, where two of the Detroit Three automakers filed for bankruptcy protection this year, continues to offer tax incentives even as they take a toll on the state's pocketbook, leading to declining tax revenue.
According to the Pew study, Michigan offered $6.3 billion more in total tax exemptions, credits and deductions than it actually collected in taxes in 2008."
Michigan, where two of the Detroit Three automakers filed for bankruptcy protection this year, continues to offer tax incentives even as they take a toll on the state's pocketbook, leading to declining tax revenue.
According to the Pew study, Michigan offered $6.3 billion more in total tax exemptions, credits and deductions than it actually collected in taxes in 2008."
Support request: Welcome Thought Criminals, Kuffars & Apostates to The Infidel Blogger Awards 2nd Edition!
ReplyDeleteThe "Georgies" are Back! We hope to build on last year's enormously popular effort to recognize the very best in Non-"Canadian Human Rights Commission" approved blogging & punditry and of course further our goal of offending the Kommissars of the Human Rights Kult and their politically correct enablers in the MSM, Judiciary, NGO community & Government.
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