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Wed May 11, 2011
In this morning's news...
GM Announces New Investments
General Motors announced yesterday it will invest a total of $2 billion in 17 of its U.S. plants. The investment means the automaker will re-hire its 1,357 laid-off workers, and possibly hire hundreds of new workers, especially if demand for GM cars continues to improve. The announcement was made at GM’s Toledo Transmission plant.
Unhappy With Snyder
A new EPIC/MRA poll is out and it shows Michigan voters are unhappy with Governor Rick Snyder. Snyder’s disapproval rating is at 60%, that’s compared with a disapproval rate of 36% percent just two months ago. And, disapproval of his job performance seems to have influenced how votes view Snyder personally. "More voters have an ‘unfavorable’ opinion of Governor Snyder today than they did back in February. In February, the poll showed 44% ‘favorable’ and 27% ‘unfavorable.’ Today, the poll shows 41% ‘favorable’ and 43% ‘unfavorable,'" Mark Brush reports.
EITC (Partially) Restored
The reduced tax break will allow families that qualify to claim 6% of the federal earned income credit on their state taxes. In the past families could claim 20%. Snyder's original proposal called for elimination of the credit... Families eligible for the state credit in 2009 claimed an average of $432 per household. The Michigan League for Human Services says the reduced credit will still allow eligible families to take $140 off their 2011 tax bill, or add part of it to their return.