Governor Whitmer once again vetoed bipartisan, pro-business legislation that would have helped businesses all across Michigan.
HB 4288 would have saved approximately 170,000 businesses a total of $190 million per year. This tax savings for the business community would not have any impact on state revenues, as the legislation was purely a state fix to a federal policy that overtaxed certain businesses.
The Michigan Chamber led the effort to correct this tax anomaly and 21 other businesses and professional groups signed on in support. The bill had overwhelming bipartisan support in both the House and Senate. Legislation similar to HB 4288 has been adopted in approximately 12 other states with just as many in the process of enacting it; yet, Governor Whitmer still denied Michigan businesses the opportunity to keep almost $200 million in Michigan in our economy, instead of sending it to Washington D.C.
The Governor has vetoed property tax relief for businesses impacted by the pandemic several times, she has vetoed relief grants proposed in legislative budgets, she vetoed a tax break on personal protection equipment and now she has vetoed this commonsense policy that would have done nothing but allowed businesses to keep more of what they earn to create jobs and invest in their businesses. Every opportunity presented to her to help the business community has been blocked, even when these proposals have broad, bipartisan support.
For more information on this latest veto by the Governor, please contact Dan Papineau at email@example.com.