Michigan ranks between 27th and 35th worst in overall business tax burden*

Michigan businesses pay on average 3-4% more of their profits in taxes than the average of the "ten best" business tax and many peer states*

Michigan ranks average to below average on other indicators comparing business tax burden against states we compete with for knowledge and manufacturing jobs

Make Michigan's business tax system competitive

• Reduce the MBT to move Michigan significantly toward becoming a "Top Ten" state in lowest tax burden
• Provide a more predictable & stable tax environment for businesses
• Change the tax structure to more closely match the changing composition of the economy
• Ensure any tax changes do not exacerbate the structural budget deficit

Michigan's competitive position further deteriorates when analyzing total business costs, including wages, benefits, utility, regulatory compliance and other costs

Make the overall cost of doing business in Michigan competitive

• Eliminate the personal property tax
• Require fiscal notes that identify the compliance costs for all new regulations
• Create a regulatory report card that tracks responsiveness
• Prohibit state regulations that exceed federal standards, such as state-based ergonomic standards
• Require regulations to demonstrate cost/benefit analysis and basis in sound science
• Annually benchmark Michigan costs