State Rep. Matt Hall, of Marshall, today criticized Gov. Gretchen Whitmer for vetoing a widely supported plan to strengthen the economy and help Michigan’s small businesses recover from the financial fallout of the COVID-19 pandemic.
Whitmer recently vetoed House Bill 4288, which would have enabled flow-through entities such as S corporations, LLCs and partnerships to maximize their state and local tax deductions when they pay federal taxes – as larger C corporations are already allowed to do. The governor vetoed the Legislature’s plan even though it won broad bipartisan support in the Legislature, passing by an 88-18 vote in the House and a 29-6 vote in the Senate.
“As chair of the House Tax Policy Committee, I’m looking for ways to provide some relief for small businesses during this difficult time. It’s been a struggle for them during the COVID-19 pandemic and the governor’s mandated economic shutdowns,” Hall said. “Republicans and Democrats in the Michigan Legislature came together to provide this common-sense strategy, which would have helped greatly. But the governor vetoed the legislation anyway, showing just how out-of-touch she is with the needs of Michiganders.
“It’s disappointing – but this fight isn’t over,” Hall continued. “I will continue to fight for ways to bring financial relief and tax parity to Michigan small businesses.”
Several other states already have approved the change Whitmer just vetoed – including California and Minnesota.
The legislation is designed to protect jobs by keeping more small businesses afloat, while eliminating a tax disadvantage faced by many Michigan small businesses. The plan could save Michigan businesses hundreds of millions of dollars without hurting state revenue.
A change in Michigan is needed because of changes made at the federal level in 2017.
State Rep. Matt Hall, of Marshall, has been honored for being a strong and consistent conservative leader on issues in the Michigan House. The American Conservative Union Federation released rankings for legislators who have exemplified strong conservative values. Through those rankings, Hall was recognized with the Conservative Excellence Award – the federation’s highest award available […]
With the scheduled end of extra federal unemployment benefits soon approaching, state Rep. Matt Hall today highlighted good opportunities available for prospective workers and a sorely needed solution for many small-business owners. “I have talked to many small-business owners throughout Calhoun and Kalamazoo counties and they have had tremendous difficulty filling jobs and remaining fully […]
State Rep. Matt Hall, of Marshall, today continued efforts to give people more faith in Michigan’s election process by voting to advance a trio of bills. As chair of the House Oversight Committee during the 2019-20 legislative term, Hall worked with the Senate Oversight Committee to hold numerous hearings on Michigan’s elections. The hearings covered election […]