By Michael D. LaFaive | Michigan Capitol Confidential
With the recent release of Gov. Rick Snyder’s fiscal 2015 budget we can examine his administration’s priorities for the coming year.
Once again, Michigan’s corporate welfare apparatus — led by the Michigan Economic Development Corp. — looks like it gets a boost instead of a well-deserving and large cut. The MEDC’s basic function is to take money from many people and give it to a few under the guise that it will create more jobs than the taxes needed to fund it will kill.
The MEDC’s many failures and other short comings are well known. This institution has not only presided over what was arguably the largest decline in Michigan’s economic fortunes, it once twisted in apology for its premier jobs program, the Michigan Economic Growth Authority, which was a proven failure.
at Michigan Capitol Confidential.