Tagged: Featured Proposal 5

It’s obvious why the Ambassador Bridge-owning Moroun family is backing Proposal 6. That’s the ballot measure that would require of vote of the people to build international crossings. It would be another step toward blocking a competing bridge Canada has offered to fund.

There are five proposed amendments to the Michigan Constitution on the ballot. One that could be a game changer for the State of Michigan is Proposal Five, the so-called "two-thirds" proposal. 

Proposal 5 seems pretty straightforward. Right now it takes a simple majority of the legislature to pass a tax increase. If passed, Proposal 5 would require a supermajority of two-thirds of the legislature or a vote of the people to pass a tax increase.

State legislators play the game. Michigan voters will set the rules.

The playing field for Michigan lawmakers could change significantly after Nov. 6, if voters approve any one of five constitutional amendments on the ballot.

The "bed sheet ballot" is something California voters are used to, but Michigan voters haven't seen this many proposed constitutional amendments since 1978, when voters faced 9 proposed amendments.

We're posting on all the proposals seeking to amend the Constitution.

Nobody likes taxes, and for the last 30 years, we’ve been happily brainwashed into thinking that our taxes are too high.

And, as a result, a leading economist told me the other day, “We have some of the worst roads in the country.” But hold on. If a lot of people are fooled into voting yes on Proposal Five, our roads and everything else are certain to get worse. In fact, much worse.

That’s the conclusion of Michigan State University Economics Professor Charles Ballard, perhaps the top expert on our state’s economy. His short, excellent book Michigan’s Economic Future ought to be required reading for anybody who wants to understand how things work.  Believe it or not, there are a few hard facts you need to know about taxes. First of all, we are already paying far less than we once were. Ballard told me, “State and local tax revenues in Michigan are already a much smaller fraction of our economy than they were a few decades ago.”

How much money is that?