Business Tax Cut to Increase Jobs?

By: Capitol Correspondent Tim Skubick
By: Capitol Correspondent Tim Skubick

Senate Republicans want to slice one billion dollars over the next six years out of the state's Single Business Tax, a move which GOP leader Ken Sikkema predicts will produce "hundreds of thousands of new jobs." He also wants to hold down future state spending to the rate of inflation plus one percent.

However Governor Granholm says tax cuts alone will not get the job done. If that was the case, she contends, GOP tax cuts of the past would have saved Michigan from leading the nation in unemployment.

Granholm welcomed the GOP plan but she warned the House GOP Speaker Craig DeRoche to "get off the stick" and move another piece of the jobs creation package on Tuesday. DeRoche wants to refer that proposal to a conference committee for more study.

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