Michigan is facing a 1.4 billion dollar budget shortfall.
To fix that shortfall, Michigan's Governor Rick Snyder is going to DECREASE taxes for large businesses to add another 1 billion dollars to Michigan's deficit, creating a $2.4 billion dollar budget shortfall.
To plug that extra billion dollar shortfall Rick Snyder is going to start taxing seniors and retirees on their pensions, to raise $800,000,000...bringing Michigan not quite back to where it started, now with a 1.6 billion dollar shortfall.
To sum up:
Snyder is giving tax cuts for large businesses ---> Using money from retirees.
Now here's something interesting...Snyder's proposed flat 6% tax on businesses is a tax CUT for most very large businesses.
But it's a tax INCREASE for many very SMALL, mom and pop businesses or start ups.