The Detroit City Council postponed for a second time a vote on whether to give billionaire Dan Gilbert a $60 million tax break over 10 years after heavy resident pushback.
Gilbert, who Forbes says is worth $15.6 billion, says he needs taxpayers to fund a 10-year tax break to renovate real estate firm Bedrock’s Hudson building, which they claim will support 2,000 permanent jobs once finished. Read More
The GOP-dominated Michigan Legislature approved $2.5 billion in far-ranging tax relief amid record 40-year-high inflation.
Meanwhile, Gov. Gretchen Whitmer and Democrats pitched sending immediately $500 checks to working families. Senate Majority Leader Mike Shirkey, R-Clarklake, characterized the plan as trying to “pay off” Michiganders for her COVID policies. Read More
The joint Michigan House Appropriations and the Tax Policy Committee approved two bills aiming to provide a $1.7 billion tax break and spend $1.5 billion to pay down local government pension debt.
Rep. Matt Hall, R-Marshall, claims House Bill 5838 will grant relief to all Michiganders from 40-year-high inflation. Read More