Governor Rick Snyder of Michigan is proposing a new idea to raise revenue in an effort to repair ailing Michigan roads and bridges throughout the state. Several proposals were put forth recently that caused real concern by consumers. In my opinion, for what it’s worth, those concerns are justified.
The original proposal put forth would have increased the sales tax by six cents, increase gasoline pump prices by some six percent and a substantial increase in vehicle registration fee’s and I am sure we can all look forward to an increase in licence plate fees as well. While President Obama has proposed an increase in the minimum wage to $9.00 per hour, Governor Snyder would push it up to $10.00 per hour.
No one really supports tax and fee increases, I still have serious reservations with the idea. We also should remember that local taxes and fees continue to rise as well.
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