opinion Brian Calley Published 10:18 PM EDT Mar 19, 2019 Michigan’s comeback didn’t happen by accident. Businesses have succeeded and grown due to tax reform in 2011 that made our system simple, fair and efficient. These changes put an end to the double taxation that burdened small business owners under the last two tax codes and we have seen small businesses flourish as a result. Business in Michigan is booming and it’s critical that any changes don’t impede on our progress. This month, Gov. Gretchen Whitmer presented her Fiscal Year 2020 budget recommendations to the Legislature. Unfortunately, the governor proposed a 41 percent tax increase on Michigan’s small businesses. The Small Business Association of Michigan strongly opposes a new tax. Requiring S-corps and LLCs or “pass-through” companies to pay a corporate tax amounts to double taxation because they already pay taxes on their business income on their personal tax return. The … [Read more...] about Opinion: Small business tax would kill Michigan jobs
S corp tax return
Published 1:06 pm CST, Friday, November 9, 2018 Raymond Plank started Apache Corp. in 1954 from initial seed capital of $250,000 and grew it to a successful Houston-based independent oil and gas producer. Apache’s culture in its early days mirrored that of Plank, who was known as a risk-taker with swagger. less Raymond Plank started Apache Corp. in 1954 from initial seed capital of $250,000 and grew it to a successful Houston-based independent oil and gas producer. Apache’s culture in its early days mirrored that ... more Photo: Johnny Hanson:, Houston Chronicle Photo: Johnny Hanson:, Houston Chronicle Image 1 of / 1 Caption Close Image 1 of 1 Raymond Plank started Apache Corp. in 1954 from initial seed capital of $250,000 and grew it to a successful Houston-based independent oil and gas producer. … [Read more...] about Apache Corp. founder Raymond Plank dies
Melissa Nann Burke The Detroit News Published 11:21 AM EDT Nov 1, 2018 In a relatively sleepy race, two Marine veterans of different generations are vying for the U.S. House seat representing northern Michigan and the Upper Peninsula. Freshman Rep. Jack Bergman, a retired three-star general from Watersmeet, has rarely split with President Donald Trump, embracing his tariffs, border wall and the GOP tax reform bill. He wants to repeal the federal health care law and scale back regulations. Democrat Matt Morgan of Traverse City, an Iraq veteran and political newcomer, has campaigned on single-payer universal health care, infrastructure upgrades and immigration reform. He says Trump's tax reform has had no "meaningful" effect on worker wages. "People often say, he's a Marine, you're a Marine. What's the difference between the two of you? The biggest difference is who's funding our campaigns," Morgan said. "He accepts corporate political … [Read more...] about Marine veterans vie for U.S. House seat in northern Michigan, U.P.
Christine Ferretti The Detroit News Published 12:59 PM EDT Oct 16, 2018 Detroit — The City Council on Tuesday granted a series of approvals that will bring Ford Motor Co. closer to securing $103.5 million in tax breaks for its Corktown campus. The council also signed off on Ford's plans to invest millions in affordable housing and workforce training, education and development as well as efforts to ensure nearby businesses are not displaced. Members voted 8-0 on most of the proposals and community benefits. But President Pro Tem Mary Sheffield and Councilwoman Raquel Castaneda-Lopez voted no on establishment of a Renaissance Zone in the Corktown neighborhood. Councilman Scott Benson was absent. The council's Tuesday establishment of several rehabilitation districts will make Ford eligible for the future tax abatements. Among them are: an obsolete property rehabilitation exemption for the Michigan Central Station and Book Depository that would reduce … [Read more...] about Council paves way for Ford tax breaks in Corktown
Candice Williams The Detroit News Published 3:31 PM EDT Oct 11, 2018 Detroit — Ford Motor Co. is one step closer in its quest for $103.5 million in tax breaks it seeks from the city for its Corktown campus. The City Council is expected to weigh in Tuesday on three of the four requested tax abatements after the council’s planning and economic development committee on Thursday moved the items forward with a recommendation to approve them. “We feel a really strong partnership with the city,” said Gabby Bruno, director of Ford's government relations, Thursday following the public hearings. “I’m excited with how things came together with our community partners, with the city. We’re very excited to strengthen our commitment to the city of Detroit to the Corktown neighborhood.” The tax abatements Ford seeks for city approval are: an obsolete property rehabilitation exemption for the Michigan Central Station and Book Depository that … [Read more...] about Ford closer on $104M in tax breaks for Detroit train station campus