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Detroit Regional Chamber’s Response to Petition Drive to Increase Michigan’s Corporate Income Tax to Fund Roads

DETROIT, July 23, 2015: Today, Detroit Regional Chamber Vice President of Government Relations Brad Williams released the following statement in response to a ballot question committee signature petition drive that would increase Michigan’s Corporate Income Tax (CIT) from 6 to 11 percent in order to address the state’s crumbling infrastructure.

“Michigan’s landmark tax reform of 2011 put our state on a trajectory for increased jobs, investment and tax revenue. To undo this progress, puts at risk the jobs created and further risks the tax revenue from jobs that goes to roads and other vital services. The Chamber recognizes businesses and citizens will both have to be part of the solution but the proposal to raise the Corporate Income Tax will halt Michigan’s comeback in its tracks.”

About the Detroit Regional Chamber

Serving the business community for more than 100 years, the Detroit Regional Chamber is one of the oldest, largest and most respected chambers of commerce in the country. The Chamber’s mission of powering the economy for Southeast Michigan is carried out through economic development, education reform, regional collaboration and providing valuable benefits to members. For more information, please visit detroitchamber.com.

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