An election year tax cut could be in the offing for individual filers in Michigan. State House Republican leaders say they want to bring that into the discussions on phasing out a tax on industrial equipment.
Democrats in Lansing have hammered Republicans with the complaint that tax reforms enacted over the past year and a half have all been directed at helping businesses, while many of the exemptions and deductions enjoyed by individual filers have been scrapped.
Lieutenant Governor Brian Calley says a tax rollback for individuals and families has not yet been put on the table, but he and Governor Rick Snyder are open to the idea if that’s what the Legislature’s G.O.P. leadership wants.
“Anything that is a priority of the speaker of the House, or that is a priority the Senate majority leader, or by any of the members throughout this whole process, by definition it’s a priority of ours,” Calley says. “So we want to talk about, work through, all these different aspects of things.”
But Calley says he hopes a debate over reducing the income tax or some other tax cut for individuals does not slow down a tax rollback on industrial equipment.
“I think the sooner the better,” he says of the manufacturer’s tax rollback. “There are some impacts to 2013 in the package and for ample preparation and implementation, the sooner the better for sure.”
Calley says Michigan’s tax on manufacturers drives investment to other states. It’s already been passed by the Senate and the state House is expected to discuss the issue after its summer break.