The republican party: what it means for Michigan business.

Author:Anuzis, Saulius "Saul"
Position::VOTE4BIZ
 
FREE EXCERPT

Senator John McCain, the next President of the United States, and his vision of lower taxes, less wasteful spending and common-sense regulation, are exactly what Michigan businesses need to lead us out of our single-state economic recession. Under the leadership of Democratic Governor Jennifer Granholm, the state's unemployment rate has risen to 7.2 percent (the highest of any state in the country), taxes on businesses and families have increased a whopping $1.4 billion, and government spending continues to grow unchecked.

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Republicans in the Michigan House are standing strong against repeated efforts by Democrats to, again, raise taxes on small businesses and working families. House Republicans have proposed eliminating the ill-conceived surcharge on the newly minted Michigan Business Tax, which slammed businesses with as much as a 400 percent overall tax increase in a single year.

In addition, the Michigan Supreme Court, which the Wall Street Journal calls one of the "best courts in the nation," continues to apply common sense to the matters it decides. Under the leadership of Chief Justice Clifford Taylor, our Supreme Court makes sure the rule of law is maintained and that legislating is left to lawmakers elected by the voters of this state.

Senator McCain, and Republicans here in Michigan, have proposed lowering taxes across the board, because they know the best way to stimulate a faltering economy is to let businesses and families keep more of what they earn, giving them freedom to invest and spend it how they choose. According to The Tax Foundation, when taxes are cut, jobs are created. It's a much-needed boost for Michigan's sagging economy. Lower taxes also encourage growth and investment. For example, The Heritage Foundation found that during the tax cuts of the 1920s, revenue grew by $445 million in just seven years. Tax cuts in the 1960s saw a $59 billion increase in revenue in seven years, as well. Separately, each period saw a more than 60...

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