balance sheet http://michiganradio.org en Making the state's finances easier to understand http://michiganradio.org/post/making-states-finances-easier-understand <p>Governor <a href="http://www.governorelectricksnyder.com/">Rick Snyder</a> will speak later today in Lansing to the group <a href="http://www.businessleadersformichigan.com/">Business Leaders for Michigan</a>. He will <a href="http://www.detnews.com/article/20110131/POLITICS02/101310352/1024/POLITICS03/Snyder%E2%80%99s-promised-state-financial-report-due-today">release an outline</a> of the data he thinks people need to understand the state’s budget crisis. He's expected to talk about his plans to reshape the state’s tax on businesses.</p><p>The Snyder administration has been circulating a draft version of a plan to scrap the complex and unpopular Michigan Business Tax in favor of a six-percent corporate income tax.</p><p>But the governor cautions his business tax reform plan remains a work in progress:</p><blockquote><p>There’s a lot of speculation going on, and it’s a good dialouge to have out there in the public. I think we’re going to have a great plan based on simple, fair, and efficient.</p></blockquote><p>The governor says he’d like to make paying Michigan’s corporate tax so simple it can all fit onto a single page. He wants it be an overall tax cut on Michigan’s business sector -- though some companies will pay more, some will pay less, and some will pay no business tax at all.</p><p>Manufacturers and other businesses say they are withholding judgment until they see how it might affect their bottom lines. Mon, 31 Jan 2011 12:10:08 +0000 Rick Pluta & Zoe Clark 1087 at http://michiganradio.org Making the state's finances easier to understand