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Jennifer Granholm on Budget & Economy

Democratic Governor (MI)

 


Lower tax rates mean budget cuts, then more cuts

The spending cuts during my first four years in office were largely the inevitable consequence of the tax cuts pushed through by my predecessor, John Engler, in the late 1990s. With the state flush with revenues, those cuts sounded reasonable at the time. Lower taxes of course meant more money available for private-sector spending and investment.

When the boom of the 1990s ended--as booms inevitably do--the impact of the tax cuts on state budgets suddenly hit home. Without the cushion of an ever-growing economy, lower tax rates now meant less money for state services. And that meant budget cuts, cuts on top of cuts, and then still more cuts.

Source: A Governor's Story, by Jennifer Granholm, p.119-120 , Oct 1, 2005

Other governors on Budget & Economy: Jennifer Granholm on other issues:
MI Gubernatorial:
Mark Schauer
Rick Snyder
MI Senatorial:
Debbie Stabenow
Gary Peters
Matt Wiedenhoeft
Terri Lynn Land

Gubernatorial Debates 2014:
AL: Bentley(R) vs.Griffith(D)
AR: Ross(D) vs.Hutchinson(R) vs.Griffin(R,Lt.Gov.)
AZ: Ducey(R) vs.DuVal(D) vs.Mealer(AE) vs.Gilbert(L) vs.Riggs(R)
CA: Brown(D) vs.Kashkari(R)
CO: Hickenlooper(D) vs.Beauprez(R) vs.Tancredo(R) vs.Hess(L)
CT: Malloy(D) vs.Foley(R) vs.Walker(R,Lt.Gov.)
FL: Scott(R) vs.Crist(D) vs.Snitker(L,Lt.Gov.)
GA: Deal(R) vs.Carter(D) vs.Hunt(L)
HI: Ige(D) vs.Aiona(R) vs.Abercrombie(D)
IA: Branstad(R) vs.Hatch(D) vs.Hoefling(R)
MA: Coakley(D) vs.Baker(R) &Polito(R,Lt.Gov.) vs.Grossman(D) vs.Berwick(D)
ME: LePage(R) vs.Michaud(D) vs.Cutler(I)
MI: Snyder(R) vs.Schauer(D)
NM: Martinez(R) vs.King(D)
NY: Cuomo(D) &Hochul(D,Lt.Gov.) vs.Astorino(R) vs.Hawkins(G) vs.Teachout(D)
OK: Fallin(R) vs.Dorman(D)
PA: Corbett(R) vs.Wolf(D) vs.Schwartz(D,lost primary) vs.Critz(D,Lt.Gov.,lost primary)
Up for re-election 2014:
AK-R: Sean Parnell
AL-R: Robert Bentley
CA-D: Jerry Brown
CO-D: John Hickenlooper
CT-D: Dan Malloy
FL-R: Rick Scott
GA-R: Nathan Deal
HI-D: Neil Abercrombie
IA-R: Terry Branstad
ID-R: Butch Otter
IL-D: Pat Quinn
KS-R: Sam Brownback
ME-R: Paul LePage
MI-R: Rick Snyder
MN-D: Mark Dayton
NH-D: Maggie Hassan
NM-R: Susana Martinez
NV-R: Brian Sandoval
NY-D: Andrew Cuomo
OH-R: John Kasich
OK-R: Mary Fallin
OR-D: John Kitzhaber
PA-R: Tom Corbett
SC-R: Nikki Haley
SD-R: Dennis Daugaard
TN-R: Bill Haslam
VT-D: Peter Shumlin
WI-R: Scott Walker
WY-R: Matt Mead

Term-Limited or Retiring 2014:
AR-D: Mike Beebe
AZ-R: Jan Brewer
MA-D: Deval Patrick
MD-D: Martin O'Malley
RI-I: Linc Chafee
TX-R: Rick Perry
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Election 2013:
New Jersey:
NJ-R: Chris Christie (won)
NJ-D: Barbara Buono (lost)
Virginia:
VA-R: Bob McDonnell(Retiring)
VA-R: Ken Cuccinelli (lost)
VA-D: Terry McAuliffe (won)


Contact info:
Fax Number:
517-335-6863





Page last updated: Oct 07, 2014