Petition Wins Tax Repeal

Reuters -

Michigan lawmakers repeal business tax
Michigan's single business tax, which generates about $1.9 billion a year, will cease to exist after December 31, 2007 under a repeal approved Wednesday by the Republican-controlled legislature.

"Michigan is struggling, people are losing their jobs and thousands of college grads are leaving our state," said House Speaker Craig DeRoche in a statement. "Reforming our business tax system is not only the right thing, it is the necessary thing to move our state in a new direction and bring jobs back to Michigan."

The repeal vote came in the wake of a successful petition drive that was launched by Oakland County Executive L. Brooks Patterson after previous legislative repeal attempts were vetoed by Gov. Jennifer Granholm, a Democrat.
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