Economists: Business Tax Reform Helping, Not Hurting, Michigan

Economists: Business Tax Reform Helping, Not Hurting, Michigan [Michigan Capitol Confidential]:
"Swift's statements are inaccurate, says James Hohman, a fiscal policy analyst for the Mackinac Center for Public Policy.
The state didn't give $1.4 billion to "corporate special interests."
Instead, it eliminated the Michigan Business Tax and replaced it with a corporate income tax.
Hohman said Swift's comment about "corporate special interests" makes it appear big business, industries and companies favored by politicians received some of that $1.4 billion in special deals, something similar to the state's film incentives in which the state gives money to out-of-state movie producers.
In reality, it was mostly small businesses that ended up with the tax cut because they are not corporations and hence don't pay the corporate income tax."