Post Number: 200
|Posted on Thursday, May 24, 2007 - 11:12 am: || |
http://www.detnews.com/apps/pb cs.dll/article?AID=/20070524/P OLITICS/705240357
Part-time Legislature urged
Lawmakers asked to consider cutting own jobs to help fix state's $800M deficit
Charlie Cain and Mark Hornbeck / Detroit News Lansing Bureau
LANSING -- The Michigan House late Wednesday night passed a plan to replace Michigan's expiring main corporate tax in hopes the Senate will sign on.
The latest House version passed 62-47, largely along partisan lines, with Democrats in support and Republicans opposed. It would generate the same $1.9 billion produced by the Single Business Tax, which ends Dec. 31. The Senate plan, passed earlier this year, would give businesses a tax savings of about $600 million.