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Michigan’s May Tax Proposal

Proposal 1 would raise taxes $2 billion

… 1 would increase the sales tax from 6 to 7 percent, raise the fuel tax and increase vehicle registration taxes, among other things. It will … the state’s Earned Income Tax Credit. Overall, the proposal … projects. Increase earned income tax credit.

Tuition Tax Credits Are Not Vouchers

… voters will prefer tuition tax credits to vouchers are attempting … voters by calling tuition tax credits a voucher. Voucher and tuition tax credit plans in other states have … value of each coupon. Tax credits are like tax deductions. People who give …

How Tax Credits and Vouchers Work

… 2008, Mackinac Center President Joseph G. Lehman was a guest on “The Ron Jolly Show” on WTCM in Traverse City. Lehman discussed universal tuition tax credits and how they differ from vouchers. The interview is 24 minutes and 27 seconds.

Tuition Tax Credits and the Michigan Constitution

… education—once for tuition and again in taxes for the public school they don’t use. … tuition for a K-12 student to take a tax credit for a portion of tuition, even though tax credits for college tuition are perfectly … choosing the best school. A tuition tax credit amendment would expand opportunity …

Changing Michigan's Constitution: An Idea Whose Time has Come

… enacted a law that permits tax credits of up to $500 for anyone … expanded its program of tax credits for educational expenses, … by vouchers or tuition tax credits, legislatures are moving … Constitution outlaws any "payment, credit, tax benefit, exemption or deduction, …

Tax Credit Programs Can Increase, Not Decrease, Government Spending

… the size of government: tax credits. They shouldn’t. Government … interests: Requests for tax credits — which seem to reduce government … Or they can ask for special tax favors. So, instead of asking … state government. While tax credits and spending programs may … for example, establish a tax credit for “community investment” …

More Confusion Over 'Affordable Care Act'

Court rules IRS illegally implemented tax credits

… ACA states that certain tax credits are available only to people … of the 50 states. These tax credits serve as a taxpayer-funded … the existence of these tax credits affects the penalties that … businesses. For individuals, the tax credit makes it more likely that … IRS’s policy of offering credits to states that did not create …

Don’t Bring Back Granholm’s Tax Credit Legacy

… considering new targeted tax credit programs, a key part of … was centered on giving tax credits and other favors to politically … and industries – and higher taxes for everyone else. There’s … the form of refundable tax credits, essentially direct subsidies. … special favors. But the tax credits are good for up to 20 years, …

'98 Election Winners Pledge School Reforms

Tuition Tax Credits Go Down in Colorado

… initiatives such as vouchers or tuition tax credits. Education was also central to … initiative allowing parents to receive a tax credit for choosing alternatives to public … opponents, who noted that the $2,500 credit was available only to parents and … savings to the state. "The Colorado tax credit was limited only to parents whose …

How you tax is almost as important as how much you tax

Deciphering good tax policy takes more than a look at lost revenue

… Economic Growth Authority tax credits. The program gave select businesses credits based on how much they paid employees. The credits were refundable, meaning that … the state’s Michigan Business Tax raises nothing for the state … taxes. The homestead property tax credit used to be a way for state …