Thursday, November 8, 2007

Waiting for action

We have been sitting on the House floor since starting session at noon. Not a vote has been cast. Lots of caucus meetings and tax policy has met but we are still waiting for the shoe to drop. It looks like it will be a long night.

The lobbyists for the large employers of this state are holding a "gun to our heads" telling us, the service tax is bad, but not as bad as the surcharge on the MBT. "It's the best we can do", says a leading business lobbyist.

The inside story is that 70 large employers will benefit greatly by this shift, 150,000 or so small businesses will be unaffected because they do not pay MBT. 60,000+ businesses will get HAMMERED by this new tax shift.

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