SBAM Launches Online Campaign To Repeal Business Tax
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The Small Business Association of Michigan said last week that it had kicked off an online campaign to educate small business owners on Gov. Rick Snyder’s efforts to repeal the Michigan Business Tax and rally support for the proposal.
A Web site at www.sbam.org/MBT-RIP gives small business owners a chance to sign an online petition, donate to the repeal effort, take a survey on the impact of MBT elimination and participate in a discussion forum.
The association also set up an “MBT R.I.P” Facebook page at www.facebook.com/pages/MBT-RIP/195867760447322.
“Supporters of Michigan’s tax system status quo have ferociously attacked Gov. Snyder’s tax and budget plan,” says SBAM President and CEO Rob Fowler. “We want to give small business owners the tools and information they need to fight back, help lawmakers bury the MBT and propel a new economic direction for Michigan.”
SBAM estimates that that under the governor’s plan, more than 95,000 companies will no longer have to file a state business tax return, ending a practice of double taxation for those companies that already pay tax on business profits under the individual income tax.
SBAM also argues that Snyder’s proposal also “provides for investment in critical business and economic development” by supporting Pure Michigan ($25 million), promoting business attraction and economic gardening ($50 million from the 21st Century Jobs Fund) and funding business attraction and retention ($50 million).