Job Makers Clamoring for Spending Cuts, Tax Cuts, not
Democrats’ Plan to Grow Already Bloated State Government

LIVONIA, MI—Mike Cox today said Democrats’ plan to get into the banking business, grow an already bloated state government with a massive new spending program and leave families on the hook for the bank’s losses is irresponsible.

The proposed bank could cost hundreds of millions of dollars and leave taxpayers on the hook for bad investments and financial losses at a time when state government should shrink not grow. Cox renewed his call to dramatically cut government spending, slash the jobs tax called the Michigan Business tax and cut the income tax on families to turn around Michigan’s economy.

“Government spending is out of control at the state and federal level,” said Cox. “The last thing taxpayers need right now is to pay more taxes to create more government spending on their behalf. Michigan taxpayers shouldn’t have been forced to bail out big Wall Street banks for mistakes they made and Lansing shouldn’t build a state-owned bank at taxpayers’ expense. At some point gubernatorial candidates, members of the state legislature and Congress, even members of my own Party, have to start being fiscally responsible.”

“The best way to bring jobs back to Michigan is to get government out of the way of job makers and entrepreneurs, not grow it with another big government program,” Cox continued. “That’s why my plan cuts government spending by billions and cuts taxes on job makers and families.”

Cox is the only candidate for Governor to release a comprehensive 92 point plan to put Michigan back to work, including proposals to reform education, cut billions of dollars out of the state budget, cut taxes on job providers and families by $2 billion, make government more transparent and revitalize our cities. The plan is available at www.mikecox2010.com.

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