State makes case for Corporate Income Tax
MLive.com reporter Peter Luke recently spoke with Lt. Gov. Brian Calley about his support for the newly enacted Corporate Income tax.
Calley says the previous system of tax breaks picked certain businesses that were favored while others were stuck paying higher taxes.
Excerpt:
Employers, meaning those who pay business taxes, nearly unanimously believe the Corporate Income Tax (CIT) is superior to and makes Michigan more competitive than it was with the Michigan Business Tax (MBT). Since the decision to add jobs has many subjective elements, the opinion of the decision makers is critical. The CIT is arguably the simplest business tax code in the nation.
To find out more, please read the rest of the interview.
Source: MLive.com
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