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Fri April 10, 2009
MI gives more money in tax breaks than it takes in
By Laura Weber, Michigan Public Radio Network
Lansing, MI – Lansing, MI (MPRN) - A new report shows Michigan gives more money away in tax breaks than it collects in revenue.
There's a $10 billion discrepancy between how much the state gives away, versus how much it brings in, according to the report from the Center on Budget and Policy Priorities.
Sharon Parks is president of the Michigan League for Human Services.
She says state legislative committees need to discuss the costs and the benefits of the tax breaks being handed out.
Parks says this isn't the time to give some sectors preferential treatment in tax breaks, while dealing with a $1.5 billion budget deficit.