This past January, Michigan legislators — every reckless Republican and Democrat in the House and Senate — unanimously approved a bill making it harder for the state Treasury Department to collect overdue taxes from corporate officers, Brian Dickerson writes in the Free Press.
Gov. Rick Snyder signed Public Act 3 into law less than three weeks later, boasting in a Feb. 6 news release that the legislation would “bring more fairness” to the collection of business taxes and “establish a more positive business tax environment.”
But despite Snyder's “relentlessly positive action,” he had no clue how much the law would cost the state in lost tax revenues.
Dickerson puts the figure at $280 million -- more than a quarter billion dollars less to pay for roads, fund K-12 education, subsidize soaring college tuition costs or make any of the other investments that Michigan needs to pull itself out of the Michissippi rut it has fallen into over the last decade..
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