FOR IMMEDIATE RELEASE
News from Progress Michigan
February 15, 2022
Contact: Sam Inglot, 616-916-0574, sam@progressmichigan.org
GOP Cuts Taxes for Corporations, Leaves Everyday Michiganders Out in the Cold
Rather than help Michiganders, GOP tax cuts for corporations will take away funding from roads and schools
MICHIGAN – Michigan Senate Republicans just passed tax cuts, largely for corporations, that will cost up to $2.54 billion from the state’s General Fund and School Aid Fund next year alone. The following statement can be attributed to Lonnie Scott, executive director of Progress Michigan:
“Michigan Republicans obviously haven’t learned anything from standard GOP written-by-the-rich-for-the-rich tax policies that have led to the largest wealth gap in US history. It’s the same old song and dance: cut taxes for the rich and wealthy corporations, while giving the people who really need help next to nothing. These tax cuts for the wealthy and corporations are being paired with an irresponsible income tax reduction to cut the stench of another corporate handout, but let’s be clear, both would hurt public services in our state. These tax cut proposals would take money away from our roads, away from our public services, and away from our schools, just so they can shove more money into their big donor’s pockets. Corporations are raking in record profits, while raising their prices — and blaming it on inflation — as their CEOs take raise after raise. Meanwhile, everyday Michiganders still struggle to make ends meet. It’s time for a new tune: a fair tax system where the rich and wealthy corporations pay their fair share while we invest in the public services that benefit the everyday Michiganders who are usually left out of the equation.”
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