Senate GOP and business groups talk tax reforms
LANSING, MI – Business groups are speaking out in support of a state Senate Republican plan to reform Michigan's tax structure and limit tax credits to generate new revenue.
The Senate GOP plan would reduce the Michigan Business Tax over three years. Bringing down the cost of the MBT has been a high priority of Senate Republicans and business leaders. Senate Majority Leader Mike Bishop.
"Over the weekend I spoke with a number of business organizations that are desperate right now," he says. "You're dealing with a state who's got 15.2 percent unemployment, and rising, and they're looking for the Legislature to take a proactive step to be bold."
Bishop says he isn't planning to vote on House Democratic proposals for new taxes and fees to cover budget shortfalls. And House leaders say they have no plans to vote on Senate proposals.