© 2024 Michigan State University Board of Trustees
Public Media from Michigan State University
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

Gov. Snyder Wants New Business Tax Break

Michigan Gov. Rick Snyder

Snyder calls on House to adopt new business tax break. 

Governor Rick Snyder is pushing for quick approval of a controversial tax break to help lure large employers to the state.

Snyder said althought Michigan has been adding jobs, “they tend to smaller businesses. Now, we’re finding success in larger organizations saying they want to come to Michigan. We need to have another tool in our tool kit to make sure we can get them in our state.”

The break targets businesses willing to pay high wages and employ hundreds or thousands of people. The businesses would be allowed to keep all or part of the state income taxes their employees would pay.

Snyder said there are several deals being negotiated with big employers that are near the make or break point.

“They reason they’re primarily coming is we have the most talent in the world in terms of concentrations of engineers, professional tradespeople, the important resources, but we need a closer,” he said. 

Snyder made the announcement while on Mackinac Island. There, he political and business leaders attending the conference to get behind the legislation.

“Let’s get it to my desk,” he said. “Let’s get it done. And let’s get these big companies growing in Michigan.”

But some House members say it would not be fair to offer some businesses special deals that aren’t available to everyone.

Rick Pluta is Senior Capitol Correspondent for the Michigan Public Radio Network. He has been covering Michigan’s Capitol, government, and politics since 1987. His journalism background includes stints with UPI, The Elizabeth (NJ) Daily Journal, The (Pontiac, MI) Oakland Press, and WJR. He is also a lifelong public radio listener.
Related Content
Journalism at this station is made possible by donors who value local reporting. Donate today to keep stories like this one coming. It is thanks to your generosity that we can keep this content free and accessible for everyone. Thanks!