Editorial

That's One Mighty Big Bucket of $$$

Gilda Jacobs, president and CEO of Michigan League for Public Policy, is against eliminating the state’s Earned Income Tax Credit so that money can be used to fix the roads.

The Detroit Free Press reported that Jacobs said using the EITC to free up money for roads is like "trying to fill the Grand Canyon with a bucket of sand."

ForTheRecord says: The state’s version of the Earned Income Tax Credit will cost the state budget $118 million in the upcoming fiscal year. That’s 10 percent of the road funding target. A bucket of sand that is roughly 10 percent of the size of the Grand Canyon would be able to hold Lake Erie.

Michigan Capitol Confidential is the news source produced by the Mackinac Center for Public Policy. Michigan Capitol Confidential reports with a free-market news perspective.