More business breaks headed for state House

Michigan-State-HouseAnother tax incentive for Michigan businesses passed the state Senate today and is on its way to the House. Tax cuts, be they for businesses or individuals, have been a hot topic in Lansing all session. The latest would let big businesses keep a portion of their employees’ income tax. So, some of the tax you would normally pay to the government would instead go to your employer. Republican Senator Jim Stamas is a bill sponsor. He says the legislation will provide more jobs and help Michigan citizens. “We’re looking to bring those new jobs into Michigan or making that new investment in new jobs here in Michigan.” But the plan could see resistance in the state House, whose leadership has focused on tax cuts for individuals, not businesses.