Commentary:

It is obvious that many are unhappy with the state of Michigans economy, and the problems all stem from our tax structure. With the recent election and the new governor in office reworking the tax structure is a high priority. Rick Snyder plans to eliminate the Michigan Business Tax and its incentives and replace it with a flat rate 6% income tax. But the new legislature is having a hard time fully supporting Snyders plan. They are grappling with the lack of detail in his plan, and leaders say they want to cost it out and examine all options before jumping on board.

Snyder's MBA and previous business experiance make his plan seem reliable. He has proposed to no less than "fix Michigan" proposing a 10-point agenda which includes everything from re-tooling the states tax structure to reforming its regulatory system and overhauling the state's economic development strategy.

At least Snyder has a plan. In my opinion, that is the very important first step. His 6% flat rate income tax is definitely a step in the right direction, as long as it can account for the revenue that the MBT brought in. With the massive budget deficit Michigan has it is important that whatever tax system we decide on that it brings in positive revenue. I've always been a fan of flat rate taxes, and hopefully what Snyder is proposing is enough to save our economy.