Snyder: Business Tax Breaks Will Lead To Jobs 5-13-2011 - WNEM TV 5

Snyder: Business Tax Breaks Will Lead To Jobs 5-13-2011

Gov. Rick Snyder says he's positive a sharp drop in Michigan business taxes will create more jobs.
The Republican governor, however, ran into some skepticism Friday morning during a Michigan Public Radio Network call-in show.
Snyder said during the program that getting rid of the Michigan Business Tax while asking only a third of Michigan businesses to pay a corporate income tax was "a huge step forward."
The tax change passed the Legislature Thursday and is headed for his signature.
Several callers asked pointed questions about how many jobs will be created by the $1.7 billion tax cut, which is being paid for by raising taxes on individuals and cutting services.
Snyder says he can't provide an exact number, but expects businesses will hire more workers without the tax.

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