Republican Gov. Rick Snyder’s top economic development official defended a controversial plan to eliminate certain tax credits in favor of a flat corporate tax rate, arguing the state’s economy would better benefit from broad tax reform than tax breaks aimed at specific industries.
The best way to lower the state’s 11 percent unemployment rate is to “position Michigan in the minds of people as a place to do business,” Michigan Economic Development Corp. (MEDC) CEO Mike Finney told Xconomy.
“Business people want (to operate) in a stable business environment,” Finney says. “They see that as the top priority.”
To read the full, original article click on this link: Michigan Economic Development Chief Defends Governor’s Tax Proposals | Xconomy
Author: Thomas Lee
