Snyder Wants to Link Biz Tax Cuts to Repeal of Senior Tax Credits

By: Associated Press
By: Associated Press

Michigan Gov. Rick Snyder says state lawmakers will have to vote to end senior tax breaks on pension income at the same time they roll back business taxes.
The Republican governor told reporters Thursday that he will put both measures into the same bill. It's part of his plan to get the entire $45.9 billion budget proposal passed, not just the parts that are politically popular.
The multimillionaire says the plan requires "shared sacrifice," and is offering to cut his annual salary to $1.
Critics quickly raised fears that the poor and elderly were being targeted to help pay for business tax cuts.
Snyder's proposal includes spending cuts for schools, universities and local governments. It also would get rid of many tax breaks, including one for the working poor.


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