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Politics
3:45 pm
Fri May 13, 2011

A conversation with Senate Minority Leader Gretchen Whitmer (audio)

Senate Minority Leader Gretchen Whitmer

Yesterday the state Senate passed a comprehensive tax overhaul bill. It went to the House where it was approved and it’s now headed to Governor Rick Snyder’s desk for his signature.

The tax overhaul includes the elimination of the Michigan Business Tax, in favor of a corporate profits tax.  It also eliminates a host of tax breaks, including the income tax exemption for pensions.

Seven Republicans joined the twelve Democrats in the Senate in voting against the proposal. Senate Minority Leader Gretchen Whitmer is opposed to the tax restructuring

Michigan Radio's Jennifer White spoke with Whitmer. Here's the interview.

Politics
1:30 pm
Fri May 13, 2011

Michigan to take in $427M more than expected

Credit Andy / Flickr

The House Fiscal Agency says it expects Michigan to take in $427 million more by Sept. 30 than earlier forecasts.

It tempers the good news with a warning that the new business tax cut just enacted will create a deficit in the next budget year that will have to be filled with about $77 million of the extra revenue.

The agency released its figures Friday in anticipation of Monday's revenue estimating conference where state economists will forecast how much tax money the state will take in through 2012.

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Politics
11:09 am
Fri May 13, 2011

Lansing city council leaders to discuss budget

The city of Lansing is facing a projected $20 million dollar budget deficit. 

On Monday, the city council is scheduled to vote on a budget intended to close that gap.   As it stands now, the city may have to lay off dozens of police officers and firefighters, as well as making other painful spending cuts to balance the budget.  

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Commentary
11:01 am
Fri May 13, 2011

Now for the Hard Part

Well, Governor Rick Snyder pulled it off. Yesterday, the legislature passed his radical restructuring of the state tax system, agreeing to slash business taxes, eliminate tax credits and for the first time ever, to tax pensions.

The man who was supposed to be a political babe in the woods skillfully guided his agenda home. They will tell you he almost didn’t pull it off. Indeed, Lieutenant Governor Brian Calley had to break a tie vote in the senate to get the bill passed.

But to some extent, this was theater. While some Republicans were genuinely opposed, others were really opposed to being defeated when they run for re-election.

So the outcome was skillfully managed to allow some Senate  Republicans in swing districts to tell their constituents that they voted against Snyder’s plan. But were they really against it? Here’s a clue. When they took a second vote on whether to bypass the waiting period and have the bill take effect immediately, the Republicans unanimously voted to support the governor.

And now for the real test: Will it work? After the vote, the governor praised the legislature for, as he put it, “taking the bold actions necessary to put our state on the path to prosperity, and “paving the way for economic expansion.”

The contrast between Democrats and Republicans on this couldn’t be more stark.

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Politics
10:49 am
Fri May 13, 2011

A conversation with Michigan Governor Rick Snyder (audio)

Credit Russ Climie / Tiberius Images
Governor Rick Snyder said the passage of his tax overhaul package will create a better climate for businesses in Michigan.

Governor Rick Snyder took questions from listeners this morning on a public radio call-in show hosted by the Michigan Public Radio Network's Capitol Bureau Chief Rick Pluta .

For those of you who missed it, here's the audio:

The show was produced by the Michigan Public Radio Network in cooperation with WKAR, Michigan Radio, and Michigan Government Television.

Politics
10:09 am
Fri May 13, 2011

Is it time to get rid of Fannie Mae? Congressman Gary Peters thinks so.

Credit Steve Carmody / Michigan Radio
Rep. Gary Peters, (D) Michigan

Michigan Congressman Gary Peters is proposing doing away with the federal home mortgage financing system.   Fannie Mae and Freddie Mac became the backbone of the nation’s mortgage system in the past decade.  Fannie and Freddie played a critical role in the housing market collapse.  

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Politics
8:45 am
Fri May 13, 2011

LIVE WEBCAST: A conversation with Governor Rick Snyder

Update 10:50 a.m.

The Webcast is over. Here's the recorded program:

8:45 a.m.

LIVE WEBCAST: A Conversation with Michigan Governor Rick Snyder

9:00 a.m. Friday, May 13, 2011

Public radio call-in show hosted by MPRN's Capitol Bureau Chief Rick Pluta

e-mail your quesitons to: askthegov@mprn.org

video served by
WKAR Public Media at Michigan State University

 

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