Photo credit: Nic Antaya, Crain’s Detroit Business
Crain’s Detroit Business
Feb. 14, 2025
Gov. Gretchen Whitmer’s latest $3 billion road funding proposal came with plenty that should concern Michigan’s business or any businesses that might think about making Michigan their home.
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Details on where that money would come from were scant in the governor’s press release, but Crain’s Senior Reporter David Eggert reported that discussions in Lansing have focused on a hike in the corporate income tax of up to 8 percent.
Another thing the governor didn’t say is that Michigan’s corporate income tax applies to far more than the biggest corporations. The Detroit Regional Chamber points out that 87% of Michigan’s C-corporations – those subject to that tax – have fewer than 100 employees, a far cry from “massive.” And they employ half the private-sector workers in the state.