For Immediate Release
Jan. 22, 2020
LANSING—The Michigan League for Public Policy issued the following statement on the state’s Michigan Economic Growth Authority (MEGA) credits program following the news that General Motors has agreed to reduce and cap what they’re owed by the state. The League has previously joined the Mackinac Policy Center and legislators from both sides of the aisle to support House Bill 5424 to eliminate MEGA credits and oppose other corporate tax breaks. The statement can be attributed to Michigan League for Public Policy President and CEO Gilda Z. Jacobs.
“We appreciate the efforts of General Motors and all of the big three automakers to lead the way in recognizing the need to rein in and cap their MEGA credits for the broader good of the state and its residents. But while these agreements are a step in the right direction, the state literally and figuratively cannot afford to leave those billion-dollar decisions up to individual businesses. With the 2021 budget proposal coming soon, the state’s fiscal health and ongoing policy needs are top of mind. The numerable things we could be investing in instead of these largely unchecked corporate tax breaks should be top of mind as well, and we urge the Legislature to take up efforts to reform and eliminate the MEGA credit program.”
The Michigan League for Public Policy, www.mlpp.org, is a nonprofit policy institute focused on economic opportunity for all. It is the only state-level organization that addresses poverty in a comprehensive way.