No one seems certain about what the bill will eventually become.
But Republicans say plans they’ve seen would retro-actively deposit money into a reserve meant to attract large-scale development projects, rather than the state’s general fund.
Representative Sarah Lightner says that would likely put revenue below marks needed to trigger a projected tax cut.
“And so, nobody will get relief. So, the working class, the seniors, families, no relief there. But we’re going to give out 600, 700 million dollars to a corporation to benefit one part of Michigan.”
Democrats say it’s premature to assume the tax cut will be triggered to begin with.
The bill as currently written is only a placeholder with minor changes.
