SBT Reform Is Dead
Efforts by Governor Jennifer M. Granholm (D, MI) to find a replacement for Michigan's Single Business Tax officially died in the Legislature last week. While her proposal wasn't the best one for Michigan, in my opinion, I think Ms. Granholm deserves a considerable amount of respect for simply putting forward a specific proposal.
The fact of the matter is that there is very, very long list of people who have complained about the SBT over the past several years. However, she is the only person who has put forth a specific proposal to replace it.
For that reason alone, I think she deserves a considerable amount of respect.
Now it's on to find a better proposal to either a) replace the SBT or b) cut enough spending to balance the State's budget without it.
