Tuesday, November 29, 2005

WOODTV.com & WOOD TV8 - Republican lawmakers announce tax cuts for manufacturers
No details yet, but it sounds like Jennifer won this battle.

The Republican-controlled Legislature is pushing ahead with a revised plan to lower taxes on Michigan businesses by $500 million over four years.

The cuts are designed to help the state's struggling manufacturing sector.

Senate Majority Leader Ken Sikkema and House Speaker Craig DeRoche are to announce the scaled-back legislation later Tuesday.

Last week, Democratic Governor Granholm approved similar provisions in a larger business tax-cut package -- but she vetoed others, killing the whole plan.

Manufacturers would get a 15-percent credit for taxes paid on equipment and computers starting in January, plus a 100-percent credit in 2007 and 2008 if they bring jobs into Michigan.

Well, that was quick. Took you a whole day to make these changes? Wow. Makes me wonder why it wasn't done in the first place. Maybe the charges of Dick (or more likely, Betsy) pulling strings and playing games to scuttle the first plan seem a bit more plausible now given the speed of this. Hmmmm.