Policy & Politics

GOAL: Drive Economic Vitality by Lowering the Business Tax Burden

CHAMBER MEMBERS ADVOCATE:

• Elimination of the Michigan Business Tax, including surcharge, based upon the following principles:

  a) Final product should result in a net tax reduction for all businesses;

  b) Allow market factors to drive business decisionmaking, not government intervention and social engineering; and

  c) Changes should be implemented over a transitional period and in a manner that allows for efficient and effective administration of taxes for the taxpayers and the state.

• Support elimination of personal property tax
• Oppose expanding sales tax on services

WHY? 

Michigan continues to be uncompetitive with the current business tax burden and must take bold steps to become economically viable. Tinkering around the edges of the Michigan Business Tax is not sufficient; it is vital that legislators pass meaningful tax reform predicated upon fairness, simplicity and lower rates. To transform Michigan we must look past the initial step of replacing the MBT and work aggressively to enact a multitude of changes to both the structure and administration of our tax code, with the goal of moving Michigan into the top 10 most competitive states for corporate taxation.  

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