The Scott Walker-Paul Ryan-Rick Perry tax-cut mania, destroyed in two paragraphs | Wis.Community
Site banner
Community News from the Chippewa Valley
Wis.Community

The Scott Walker-Paul Ryan-Rick Perry tax-cut mania, destroyed in two paragraphs

[img_assist|nid=73130|title=Granholm|desc=|link=none|align=left|width=80|height=72]Former Michigan Governor Jennifer Granholm puts the lie to the current Republican mantra that tax cuts and smaller government will boost the economy. Granholm, a Democrat, faced an economic crisis in Michigan that at one point in the Great Recession pushed official unemployment to 20 percent.She explained to Salon.com's Andrew Leonard why Michigan's experiment with tax cuts and smaller government was a resounding failure. In her new book on fixing the economy:

"I listed the bill numbers of all the tax cuts I signed as governor in the book for a reason. Ninety-nine of them! Big ones, small ones, targeted -- whatever! If you think that small government and tax cuts are the way you are going to grow the economy, Michigan's unemployment rate should be the lowest in the country, because I cut more than any state in the nation by far! We also cut more government employees than any state in the country. Our corporate tax burden dropped the greatest of any state in the country."

"Rick Perry, interestingly enough, took all of his stimulus money and invested it and grew the public sector in Texas. Texas' public sector actually grew the most during the past decade and Michigan's got cut the most during the past decade. And Texas has the best job creation and Michigan had the worst. What does that tell you?"

http://bit.ly/nIRE9I

Published

September 20, 2011 - 9:01pm

Author

randomness