Apparently not overly enamored with Gov. Rick Snyder’s proposed Corporate Income Tax (CIT) to replace the much disliked Michigan Business Tax (MBT), Senate Majority Leader Randy Richardville (R-Monroe) said Senate Republicans are reviewing the Governor’s proposed 6 percent CIT but his caucus is working on its own business tax proposal. In addition, Senate Republicans have set aside a four-hour block of time next Tuesday to take a deeper look at the administration’s budget outline with a focus on the proposed cuts to the K-12 budget.
Meanwhile, Senate Appropriations Committee Chair Roger Kahn (R-Saginaw) has set preliminary budget target numbers with his chairs – some of the numbers coming higher and some lower that the Governor’s proposed budget numbers.
Over in the House, Appropriations Committee Chair Chuck Moss (R-Birmingham) says his committee is taking a look at the administration’s entire budget document rather than picking apart likes and dislikes.On another of Gov. Snyder’s budget proposals, at least eight Senate Republicans are reportedly “no” votes on eliminating the income tax exemptions on public and private pensions.