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Group Calls For Ending Tax Exemptions
May 15, 2008, 1:10 PM EDT
LANSING, Mich. (AP) —
A coalition of human service, education and other groups wants state lawmakers to look at tax exemptions as
one way to resolve a potential deficit in next year's budget.
The groups said Thursday that closing what it regards as tax loopholes and eliminating certain tax breaks could generate more
than $400 million in the fiscal year that starts Oct. 1.
The group supported capping tax incentives for filmmakers, ending the sales tax exemption on pop and candy from vending
machines and several other proposals.
Businesses are opposed to closing some of the exemptions because they say it amounts to a backdoor tax increase.
Copyright © 2008, WXMI
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