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- No, Chinese investors aren't 'buying up Detroit' – but they do have an eye on the Motor City
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- What all the snow and ice will mean for Great Lakes water levels
Thu August 11, 2011
In this morning's news
Obama to Holland
President Obama travels to West Michigan today to tour a plant in Holland that makes Lithium-ion batteries for electric and hybrid vehicles. The plant that the President is visiting received a nearly $300 million federal grant. This marks the second time that the President has visited Holland to bring attention to the area’s investment in battery technology. After his stop in Michigan, the President heads to New York City for a fundraiser for his 2012 re-election campaign.
Seniors Challenge Pension Tax
Groups representing seniors and public employees filed briefs yesterday with the state Supreme Court challenging Michigan’s new tax on pension income, Rick Pluta reports. From Pluta:
Extending the income tax to pensions was part of Governor Rick Snyder’s budget proposal that was adopted earlier this year by the Legislature’s Republican majorities.
Eric Schneidewinde, with the AARP of Michigan, says the tax violates a part of the state constitution that protects the pension income of teachers and other retired public workers.
Republicans say the tax treats everyone the same, so it does not specifically target public employee pensions.
Governor Snyder asked the state Supreme Court to rule on the pension tax before it officially takes effect in January. The court will hear arguments in the case early next month.
Michiganders Represent on Debt Commission
Two Michigan Congressmen, U.S. Representatives Dave Camp and Fred Upton, have been selected by U.S. House Speaker John Boehner to a powerful committee that will work out a plan to reduce the nation’s budget deficit. Considering there will only 12 members, six Democrats and six Republicans, on the so called “super-committee”, it’s a pretty big deal for the state. Rep. Camp told Michigan Radio he believes if the panel takes a common-sense approach, it will be able to work together without the rancor that marked the debt-ceiling debates. The committee has until November 23rd to come up with a plan.