So our Gov. has proposed eliminating the EITC to help close the budget gap, while lowering taxes for corporations to encourage growth.
My family does not benefit from the EITC and as the wife of a small business owner i can verify that the Michigan Business Tax sucks (plus we don't have a team of fancy accountants to help us evade our taxes), but something about this plan feels a little one sided.
All of our republicans vowed not to raise taxes but feel justified in doing so in this case because they are balancing the raise for the working poor with a cut for corporations.Answer Question
Answer by CraftingMama at 2:52 PM on Jan. 31, 2011
Answer by jewjewbee at 2:53 PM on Jan. 31, 2011
Answer by Candi1024 at 3:04 PM on Jan. 31, 2011
Who told them to be working poor?
Answer by grlygrlz2 at 3:11 PM on Jan. 31, 2011
Answer by meriana at 3:12 PM on Jan. 31, 2011
Large corporations have gotten tax breaks for years plus a lot of loopholes they can crawl through and of course the tax breaks on profits made overseas. It's not that our law-makers don't understand that tax breaks for large corporations do not cause them to create jobs and hire people, it's that they are protecting the wealth of their friends....you know, the ones who contribute thousands if not millions to their election/re-election campaigns
BINGO- and NO CT cut is going to propel them to bring jobs back to the US- unless American workers are willing to work for foreignwages. Cake and eating it too- They are protecting themselves too- many politicians also belong to BB families
Answer by Sisteract at 3:28 PM on Jan. 31, 2011
Answer by yourspecialkid at 3:35 PM on Jan. 31, 2011
Answer by itsmesteph11 at 3:39 PM on Jan. 31, 2011