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Tue December 21, 2010
Snyder looking to cut business taxes
Governor-elect Rick Snyder tells the Associated Press that he plans to give state lawmakers a two-year budget proposal, that he wants them to pass by July 1st. That would be a big change in two ways: 1) most state budget plans have been year to year, not two year plans, and 2) the legislature rarely passes a state budget until near the end of the fiscal year in September. Snyder tells the Associated Press he's accelerating the normal budget drafting pace and will be delivering his plan to the legislature earlier than the mid-March deadline. Snyder says he's making business tax reform a major part of his budget plan, according to the Associated Press:
As Michigan begins to emerge from its decade-long economic slump, Snyder says his first priority is to eliminate any hurdles to that recovery. He plans to cut business taxes in the budget that takes effect next fall.