Tax Cuts for Companies in Michigan

| | Bookmark and Share
Yesterday Reuters reported that Michigan Governor Jennifer Granholm will sign into law roughly $600 million in tax breaks over the next four years for large manufacturers.

Obviously the automotive industry is experiencing serious difficulties lately and passing these tax cuts is one attempt to try to "lessen the burden" to ensure the solvency of this industry.

I can't help but wonder though, if these tax incentives will actually do much good.

If companies are struggling so much that they are closing plants all over Michigan and across the region - will these incentives actually ensure that plants stay open and workers keep their jobs? Any thoughts?

Thank you for visiting Tax Justice Blog. CTJ and ITEP staff will soon retire this domain. But ITEP staff are still blogging! You can find the same level of insight and analysis and select Tax Justice Blog archives at our new blog,

Sign Up for Email Digest

CTJ Social Media

ITEP Social Media