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February 22, 2007 Rewriting the Bills

February 22, 2007
The Governor introduced the concepts for her tax reform plan on February 10th but we are still awaiting the 17 bills to enact this plan.  The concepts are actively being debated but tax pundits really can't evaluate how this plan will effect businesses until the details are revealed.  The devil is in the details.  Meanwhile, the Senate Republicans, who passed their tax plan out of committee within four days of introduction, have discovered that numerous flaws are holding their plan up.  Word is that a rewrite is underway to try to make the so-called BEST plan more workable.  The MI Chamber plan has yet to have a hearing.  So its hurry up and wait for action by the legislature on the tax plans.