For Immediate Release
Feb. 4, 2020
Common-sense proposals promote accountability, transparency and fairness
LANSING—The Michigan League for Public Policy issued the following statement on bipartisan House and Senate legislation announced today to clean up the state’s business tax credits process. The League strongly supports this effort to provide more information on where the state’s money is going—and more accountability for the businesses that are getting it. 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 need to ensure the taxpayers are getting the biggest bang for their buck with state tax incentives and these bills will help promote accountability, transparency and help ensure taxpayer dollars are spent wisely in a way that creates jobs and benefits local communities. For too long, massive tax breaks have been awarded to large corporations with zero transparency and zero accountability and that needs to change.
“You can tell this is a serious issue because it has support from lawmakers and legislative leaders from both sides of the aisle, and combined with efforts to reform and cap MEGA credits, these bills will play a significant role in ensuring tax fairness in our state. It’s time we hold wealthy corporations accountable and ensure the state’s strong economy is working for Michigan families, not just the rich.”
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.