[Vision2020] Michigan Democrats Unveil Plan To Finance Free CollegeTuition by Eliminating . . .

[keely emerinemix]

Or, perhaps, more businesses will move to Michigan because of the uncommonly high level of education and training possessed by its citizens, now that they'll be able to actually go to school and contribute to their economy.

Keely
www.keely-prevailingwinds.com


Date: Wed, 18 Jan 2012 11:39:13 -0800
From: jborden at datawedge.com
To: thansen at moscow.com; vision2020 at moscow.com
CC: cpenni at gmail.com
Subject: Re: [Vision2020] Michigan Democrats Unveil Plan To Finance Free	CollegeTuition by Eliminating . . .



Tune in next time when Michigan becomes mystified as to why all of their businesses moved to Wisconsin.  Jay From: vision2020-bounces at moscow.com [mailto:vision2020-bounces at moscow.com] On Behalf Of Tom Hansen
Sent: Wednesday, January 18, 2012 11:27 AM
To: Moscow Vision 2020
Cc: Penni Cyr
Subject: [Vision2020] Michigan Democrats Unveil Plan To Finance Free CollegeTuition by Eliminating . . . Courtesy of "Nation of Change" at: http://www.nationofchange.org/michigan-democrats-unveil-plan-finance-free-college-tuition-eliminating-corporate-tax-credits-132690 ------------------------------Michigan Democrats Unveil Plan To Finance Free College Tuition By Eliminating Corporate Tax CreditsBy Tanya Somanader Michigan Gov. Rick Snyder (R) spent his first year in office trading in the welfare of thousands of vulnerable Michiganders in order to cut taxes for corporations and the wealthy. Hoping to refocus priorities in 2012, the state’s Senate Democrats have released a new plan that puts Michigan students ahead of wealthy corporations. Under the Michigan 2020 Plan, Michigan’s high school graduates will be eligible for free tuition at one of Michigan’s community colleges or universities, where the median tuition level is currently around $9,575 per year. The program will be funded entirely by eliminating $3.5 billion in tax credits and loopholes and putting that money towards students: “Study after study after study has emphasized the importance of a highly educated workforce in the economic vitality of any state in the 21st century,” said Senate Democratic leader Gretchen Whitmer, D-East Lansing. Michigan currently pays out roughly $34 billion in tax credits. Under the Michigan 2020 Plan recently unveiled, $3.5 billion in tax credits and loopholes would be eliminated. Democrats put the tuition proposal’s cost at least at $1.8 billion. [...] Under the plan, graduates who spent their entire K-12 years in Michigan schools would be eligible for the full award, which equates to the median tuition level of all public universities — currently $9,575 per year. Those who attended school for awhile outside the state would get a percentage of that amount. College tuition has tripled in the last 30 years and is only trending upwards. Indeed, college price tags could get as high as $422,000 come 2034. And with student loans increasingly hard to find in a restricted credit market, families could certainly use the help in sending their children to a college close by. What’s more, Michigan Senate Democrats note that the elimination of $3.5 billion in tax loopholes is only a 10 percent reduction in the tax credits the state already doles out. In fact, the program costs almost exactly as much as the $1.7 billion tax cut Snyder implemented for corporations. The plan should appeal to Republicans as “it can be done without raising taxes one cent,” said Whitmer. “It’s not about whether Michigan can afford to do this, it’s whether we can afford not to.” ---------------  ------------------------------ 

Seeya later, Moscow. Tom HansenPost Falls, Idaho "If not us, who?If not now, when?" - Unknown
=======================================================
 List services made available by First Step Internet,
 serving the communities of the Palouse since 1994.
               http://www.fsr.net
          mailto:Vision2020 at moscow.com
======================================================= 		 	   		  
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/vision2020/attachments/20120118/977049d2/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: image001.jpg
Type: image/jpeg
Size: 45244 bytes
Desc: not available
URL: <http://mailman.fsr.com/pipermail/vision2020/attachments/20120118/977049d2/attachment-0001.jpg>