Schauer Unveils Economic Plan, Promises New Jobs

(AP) — Democratic gubernatorial candidate Mark Schauer on Tuesday proposed tripling the percentage of Michigan's electricity that must come from renewable sources and rebuilding crumbling roads — parts of an economic plan he said would create tens of thousands of jobs. Schauer's plan, unveiled at a Lansing-area union training facility, also contains initiatives he's previously proposed — restoring income tax breaks for retirees and others, and reversing cuts to education that Snyder enacted during his first year in office. Schauer, a former one-term congressman, said he instead would look for savings in the state budget, lobby Congress to send more federal gas tax revenue back to Michigan and ask trucking companies to pay their "fair share" in fees. Schauer again criticized Snyder and GOP legislators for approving a $1.8 billion tax cut for businesses and offsetting most of the lost revenue by taxing retirement income and eliminating or reducing tax credits for low-income earners, children and middle-class homeowners. Schauer also said he would create a board to help college students refinance their loans at lower interest rates, put the state on a path to universal preschool, start an "insourcing" initiative to lure companies to bring jobs from overseas, expand incentives so more films are shot in Michigan, reverse cuts to local revenue sharing and overhaul the regulatory system for energy utilities.

Topics:  ap    democratic   mark schauer   lansing-area   congress   gop   schauer   michigan   snyder   jobs   economic plan   tax   revenue   proposed   state   companies   cuts   create   income   
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