They finally did something! Woot!
Gee, now I feel bad for yelling at them this morning... (not really)
LANSING -- Michigan moved closer to an entirely new business tax setup today when the House passed a replacement plan for the expiring Single Business Tax.
On a 61-48 vote, the House approved the Michigan Business Tax, a plan crafted by House Democrats that would replace the $1.9 billion SBT that expires at the end of this year.
The new plan would tax business income and net worth, shift tax liability to out-of-state firms, slash state levies on business equipment and provide tax credits for companies that create jobs, build plants and other facilities or conduct research in Michigan.
And file this under the "payback is a bitch" department...
House Republicans objected to a vote being taken on the floor today without explanation of the bill or debate.
Hmmm. Where have I heard that before... oh, yeah. I remember now. Seems Mr. Bishop set a precedent when the Republicans did the same thing just recently. That's too bad.
Many groups found out details of the proposal for the first time Thursday night, when GOP Senate leaders made the cuts public in a supplemental budget bill that was quickly rammed through the Senate.
Senate Democrats had little opportunity to debate the cuts, since Republicans called for a vote on the measure soon after Democrats learned what the bill entailed.
So far, still no word on revenue increases... tick, tick, tick...