The Detroit News reports that General Motors wants $10 million in refundable or assignable tax credits for its Warren Tech Center. It needs to be noted that the company already is getting billions in state support.
The facility has been the subject of multiple tax deals with the state. In September 2008, the facility was part of a retention and brownfield credit that was expected to cost the state $168 million.
The company has been the recipient of at least 10 other deals from the Michigan Economic Growth Authority, with estimated incentives valued at the time of passage at more than $1.5 billion, including its massive special 2009 award.
That’s not even including assistance in these deals from federal or local government incentives, let alone its $50 billion federal government bailout.
These incentives are often awarded over competition from other states, so the state isn’t necessarily asking how much any particular company should receive.
But the amount of assistance received by some companies ought to be enough to get legislators to blanche. It is a good thing that the new tax deal ushered in last week limits the ability to award these kinds of deals.
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See also:
Debate Rages On: Did Uncle Sam's $50 Billion Bailout of GM Work?
Did the Auto Bailout Really Save One Million Jobs?
Tight security locked out dozens of anti-right-to-work protesters from the State Capitol as Governor Snyder was delivering his "State of the State" address. Protesters tried to disrupt the speech by banging and chanting outside the building.
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FROM MICHIGAN HOME HELP PROGRAM PROVIDERS — OFTEN FAMILY MEMBERS
ATTORNEY GENERAL ORDERED THE STATE TO STOP TAKING MONEY ON MAY 25, 2012
opinion May 25, 2012
The Service Employees International Union (SEIU) "organized” Michigan's self-employed Home Help Program providers for the purpose of skimming dues from their ailing and disabled clients' Medicaid subsidy checks. The majority of these providers are relatives or friends taking care of loved ones. It’s been estimated that less than 25 percent of the providers are hired in an employment setting.
The first counter tallies SEIU dues skimmed since the union and state officials first launched this scheme in late 2006. The second shows the amount skimmed since June 9, 2011, when the Michigan House passed and sent to the Senate a bill to ban this and all similar “stealth unionization” efforts. The third counter shows the dues skimmed since the Governor signed the bill into law on April 10, 2012. The fourth counter shows the amount skimmed since May 25, 2012, when the Attorney General opinion was announced.
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