WEATHER ALERT: Frost Advisory In Effect Throughout Much Of Metro Detroit Until 8 A.M Saturday [MORE]

State House OKs Biz Tax Cut, Pension Tax

LANSING (WWJ) – Governor Rick Snyder’s plan to revamp the state’s business tax has just cleared a big hurdle.

The GOP-led Michigan House, Thursday, passed a bill that would slash business taxes while raising taxes on retirees and other individual taxpayers.

“They needed 56 votes and they got exactly that,” reported WWJ Lansing Bureau Chief Tim Skubick.

Majority Republicans said the bill is key to encouraging businesses to add jobs in a state with a 10.3 percent unemployment rate. It eliminates the Michigan Business Tax and replaces it with a corporate income tax on large corporations with shareholders.

The measure now goes to the GOP-led Senate.

Democrats opposed it, saying it’s wrong to cut business taxes $1.7 billion while shifting the burden to seniors, children and the poor.

Ann Arbor Democratic Representative Jeff Irwin calls it a monumental and unfair tax shift.

“The burden for funding state government is going to be shifting from a mix of taxes on people and businesses, to a tax policy where businesses will not be asked to pay any share, any meaningful share,” Irwin said.

Irwin said he fears eliminating the earned income tax credit for low income workers will push some residents over the edge.

“It’s the wrong time to be putting more pressure on low-income workers. And I also think it’s gonna add to the welfare roles. And it’s going to end up costing the State nearly as much or more than we’re saving,” he said.

Under the bill, that credit will be replaced by a $25 per-child credit.
The Associated Press contributed to this report.


One Comment

  1. JACK says:

    Thanks you republican crook!! We worked long and hard to get what is our reward for 30 yrs of labor , and you rich clowns were the ones who created this mess , Engler is the one who should pay , not us !! YOU PPL MAKE ME WANT TO VOMIT

  2. JIlle says: is off the ground and running. Thanks governor, for making our efforts so easy. After targeting our children, the poor and elderly, you don’t stand a chance. I won’t rest until your thieving, lying ass has no power in MY state.

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best Fall Festivals In Metro DetroitFrom music to art to special events, there's a little something for everyone's delight.
Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.

Watch & Listen