Tax Cut Deemed Budget Buster, But State Corporate Subsidies Total $623 Million This Year – Michigan Capitol Confidential

Tax Cut Deemed Budget Buster, But State Corporate Subsidies Total $623 Million This Year – Michigan Capitol Confidential
"Billions will keep flowing from Michigan taxpayers to a few corporations until at least 2032
In 2017, the Michigan House of Representatives rejected a promised reduction in the state’s income tax rate. 
That tax cut, had it been passed, would have saved individuals and households $463 million this year. Opponents deemed the measure a budget buster.
But this year, the state of Michigan will pay $623 million in taxpayer-funded subsidies to a small number of favored corporations. 
Many of the recipients have likely been collecting large payments for years. 
The last of these payments won’t be sent to companies until 2032..."
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