Reviewing Tax Credits

By: AP
By: AP

Gov. Rick Snyder says he plans to ask lawmakers to wipe out billions in business tax exemptions when he presents his proposal next week for the budget year that starts Oct. 1.
Snyder has said he plans to review tax credits to see which are worth keeping, but hadn't said how many would be eliminated.
Lt. Gov. Brian Calley told the Holland Chamber of Commerce on Tuesday that the administration is counting on $2 billion from such cuts.
Calley also says the budget proposal will be like an "atomic bomb" going off in Lansing, a comment that drew criticism from Snyder spokeswoman Sara Wurfel.
Wurfel said Wednesday that Calley's comments were an "extremely unfortunate choice of words."
She also denied Calley's claim that Snyder plans to present an all-cuts budget.

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  • by Anonymous on Feb 10, 2011 at 12:06 PM
    Get rid of the SBT and tax credits and make all business on the same playing field. We can do like TX, TN, FL and a few other states and get rid of all taxes but sales. All other taxes favor anyone who works. Sales tax hits everyone. It hits the rich more since they have more money to spend.
  • by JR Location: MI on Feb 10, 2011 at 06:23 AM
    Lets go further: Lets increase the income tax and get rid of the sales tax.. The sales tax favors the wealthy, complicates business and encourages people to buy out of state.
  • by Ricardo Location: Lansing on Feb 10, 2011 at 03:03 AM
    Very good. Instead of exempting special interest (aka bought and paid off politicians) it is way past time for all businesses to pay their fair share. The special interest groups need to be outlawed and expose lobbying for what it really is- legalized bribery. Thank you. Ricardo
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