By John Bebow - November 30, 2007
Over and over, business leaders and economic development gurus have begged Lansing for a clear resolution of the state's business tax system. Take five minutes. Read the Center for Michigan's new timeline of the Michigan business tax debate. Then ask yourself... In this climate, can we reasonably expect businesses to relocate to, expand in, or remain here?
One Comment
While it is certainly true that the uncertainty and the confusion -- along with the fact that there was no coherent track to overhaul the tax system -- there is one key point that is almost always overlooked. Even with all the "new" taxes, virtually every individual in this state will be paying less in personal taxes than six years ago under the previous Governor. The income tax rate was only partially restored; there is no increase in sales taxes; and the service tax disappeared. In addition, it is estimated that about 6 out of 10 businesses will also be paying less in taxes than priot to the overhaul that brought us the new MI Bisomess Tax. With all the clamor over "new" taxes and the threateened recalls; the fact is that virtually all Michigan citizens and the majority of businesses are taxed less today than under Governor Engler.
In addition, for those who think that we should just "cut" government, it needs to be noted that this Governor has cut about 9,500 state employees over the past six years.
Post a Comment