Repeal of the SBT continues negative effects
BRIGHTON – The negative fallout from the early and irresponsible vote by Michigan Legislature to repeal the Single Business Tax two years ahead of schedule continues to be felt in the state and hinder economic development.
Mike McGonegal, candidate for the Michigan House from the 66th District, said his opponent’s so-called leadership that helped lead the charge in its irresponsible early repel of the SBT has placed tax credits and incentives offered to companies to expand and relocate in Michigan in jeopardy. The Michigan Economic Development Corporation said credits based on the state’s main corporate tax couldn’t be guaranteed because the state can’t guarantee a credit against a tax that does not exist.
“What the House leadership has done is create an unstable business environment in a state suffering from a serious downturn from its biggest employer,” McGonegal said. “Companies want to know the cost of doing business before they make any major expansion decisions, and the longer Mr. Ward and the rest of the leadership drags its feet on this important issue the harder it is to correct the structural problems facing our state.”
Replacing the tax and the $2 billon in lost revenue will not even be addressed until after the Nov. 7 General Election as the House and Senate adjourn this week until Nov. 9, and it ensures the Legislature will be insulated from any accountability for cutting essential services necessary to balance the budget.
McGonegal, who has more than 28 years of business experience as a manufacturing sales representative for the auto industry, said it left many businesses in limbo not knowing what the replacement for the complex tax that combines seven different taxes into one will cost them.
“It’s so sad that businesses that actually want to expand are being put on hold because so-called leaders like Mr. Ward are playing politics with our state’s future,” McGonegal said. “Why the state struggles to survive and people stand in the unemployment line Mr. Ward and the others can campaign using the myth that they actually cut taxes.”
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posted by Communications guru @ 10:27 PM
7 Comments:
I was trying to educate myself about my state candidates and found something quite disturbing. I realize Mike McGonegal is trying to win an election, but I was disgusted with what I found. This attacking/bashing of your opponent is ridiculous. I went to his site as well as other political sites, and found nothing but reasons for why he was a good candidate. This political mudslinging has completely discouraged me from voting for you. I don't even want to meet you for that matter. Clean up your act, you only look foolish. I appreciate your time. Just don't waste mine.
hank you for posting, but I couldn’t disagree with you more. Since when is talking about an incumbent’s record mudslinging? How can you unseat an incumbent who has every advantage of reaching the voters at government expense if you can’t talk about his record? Many Ward supporters have made the same claim as you, but they can neither point out an alleged incident of “mud-slinging” or refute what is written. Obviously, they do not want us to talk about his lousy record.
There are many reasons to vote for Mike, such he has 28 years of actual businesses experience, compared to zero for Mr. Ward. Mike is actually accessible to voters, Mr. Ward is not.
Wow, There’s an objective observer who only has our best interests at heart. If you think Mr. Ward is not engaging in the same thing we are, check out his House web site, paid for by you and me, and look at the last two press releases, which, of course, we have responded to.
Of coure Mr. Ward and his supporters, kahuna, don’t want us pointing out his record, especially with a record like that.
"Repel" of the SBT? Don't you mean "repeal"?
Yes. Thank you for pointing that out. I apologize for the mistake.
Good work Mike. i know you will do a great job in the State House in 2007. Thanks for running.
Thank you. Mike reads this religiously, but I will also pass it on to him personally.
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