On Thursday, July 23, 2015, three Michigan construction unions (Michigan Regional Council of Carpenters and Millwrights, Operating Engineers, and Michigan Laborers) announced a petition drive to almost double Michigan's Corporate Income Tax (CIT) from six percent to 11 percent. This dangerous petition would impose a $900 million (83%) tax hike on Michigan's job providers.
Supporters of this misleading proposal will need to gather signatures from at least 252,523 registered voters to put the proposal before the State Legislature. If the Legislature takes no action on the measure, the proposal would go on the November 2016 ballot for voters to decide. This highly-partisan petition drive is misleading and would take a wrecking ball to Michigan's economic competitiveness.
Following are links to Michigan Chamber communications, news reports and other useful resources to help you stay abreast of this important initiative. Please check back often for updates.
In the News
Calley: Michigan can’t afford a return to ‘lost decade,' The Detroit News, Sept. 10, 2015
Our Editorial: 'Fair tax' for roads goes wrong way, The Detroit News, August 9, 2015
Skubick: State Chamber of Commerce: Corporate tax boost is "job killer," WLNS.com, August 7, 2015
Gov. Rick Snyder: Corporate tax hike for roads would undo economic progress, MLive, August 3, 2015
What’s really behind the push to raise the state’s corporate tax rate?, Michigan Radio, August 3, 2015
Chamber President & CEO Rich Studley discusses petition drive on The Frank Beckmann Show, WJR 760-AM Detroit, July 27, 2015
Unions push near doubled corporate tax to fund roads, The Detroit News, July 23, 2015
Group seeks to fix roads by raising taxes on businesses, Detroit Free Press, July 24, 2015
Corporate Income Tax Increase Ballot Proposal: What You Need to Know About This Anti-Business Scheme, prepared by the Michigan Chamber of Commerce, August 6, 2015
Paid for with regulated funds by the Michigan Chamber of Commerce, 600 S. Walnut Street, Lansing, MI 48933. Authorized by Michigan Chamber PAC II.