Michigan Votes Forum

Introduced in the Senate on February 20, 2007, to revise the eligibility criteria for a Single Business Tax (SBT) break under the Michigan Economic Growth Authority (MEGA) program so as to still give a tax break to Federal Mogul that originally had been granted this after promising to keep at least 150 jobs at a particular facility and 1,000 jobs in the state, and with the expectation that it would be out of bankruptcy within three years. The bill extends that last to six years

The vote was 32 in favor, 0 opposed and 6 not voting

(Senate Roll Call 244 at Senate Journal 76)

Click here to view bill details.

Another example of why I am against these corporate giveaways. Local government gives money to a company if they will, in turn, meet certain employment goals. THIS MONEY COMES AT THE EXPENSE OF OTHER BUSINESSES IN TOWN, who must end up subsidizing the lucky company with the tax break. The company does not live up to the agreement, failing to hire enough people, or laying existing people off. Local government backs down and gives away money to the company that didn't even meet the agreed upon goals, AT THE EXPENSE OF EXISTING COMPANIES. I think the whole concept is a crock. If you think these corporate giveaways are a good idea, how is this one working for you?