Bigger Truth Podcast Episode 72 with Matt Wilk: The Truth about "Axe My Tax"
In today's episode of the Bigger Truth Podcast, I sat down with Matt Wilk to discuss the controversial "Axe My Tax" proposal gaining traction in Michigan. Matt brings deep insights from his experience as a former school board treasurer and his extensive background in finance.
Highlights from the Discussion:
Axe My Tax Explained: The proposal aims to abolish local property taxes and shift funding to the state through increased allocations of income, sales, and excise taxes. Matt breaks down the math and explains why the numbers simply don't add up, showing the proposal falls drastically short—$2.8 billion in projected state revenue versus the $17 billion currently funded by property taxes.
Loss of Local Control: Matt argues that shifting control from local to state government inherently reduces transparency, accountability, and responsiveness. He emphasizes the importance of local oversight, citing personal examples and drawing historical parallels.
The Hidden Consequences: Matt highlights how funding shortfalls from Axe My Tax would severely impact critical local services, including law enforcement, schools, courts, and community infrastructure, potentially paving the way for increased state and federal control.
Better Solutions Exist: Rather than pursuing unrealistic proposals, Matt suggests targeted tax reforms, such as gradually reducing state income tax, to responsibly shrink government while protecting local autonomy. He references successful tax reform efforts championed nationally by Grover Norquist and Americans for Tax Reform.
Transparency and Citizen Engagement: Both Matt and I emphasize the power of local citizen engagement in the budgeting process. Matt shares personal experiences demonstrating how active citizen oversight can lead to real savings and better governance.
Key Takeaway: Matt stresses the importance of focusing reform efforts where they can truly make an impact—cutting waste, encouraging transparency, and responsibly reducing taxes without sacrificing local governance and accountability.
Listen in for a deep dive into responsible tax reform and the dangers of simplistic, emotionally-driven proposals.
Follow Matt Wilk on X: @MJWgoblue
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