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Time to Restructure, Reform and Cut State Government

Well the numbers are in. It is estimated that General Fund/General Purpose and School Aid revenues will be $917.2 million less for the current year than previously estimated and another $444.5 million less for 2010. It is also estimated that Michigan Public Schools will have nearly 30,000 fewer students in 2009-10 than 2008-09. At $7,600 per student that is a $228 million savings.

Even after Michigan’s 2008 tax increases on family income and a 22% surcharge on Michigan businesses we are still running a significant deficit. The solution is governmental reform, restructuring and budget cuts. Don’t let politicians tell you we need more tax increases. Nearly every job brought to Michigan over the past few years has been because of massive tax carve outs by the Governor including a 42% tax credit for the movie industry. This is proof that tax cuts work. Raising taxes is the worst possible solution to attracting industry, private capital and the resulting jobs.

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