Group wants tax issue on 2008 ballotMore information available here.
LANSING -- Businesses in Michigan would pay no taxes and individuals would pay only property taxes and a higher sales tax under a proposal that could be on the November 2008 ballot.
Roger Buchholtz, director of the Michigan FairTax Association, said Friday during a taping of public television's ``Off the Record'' program that legislation is being drafted now that could put the matter before voters next year.
Two-thirds of the House and the Senate would have to approve the proposed constitutional amendment for it to go on the ballot. If the measure fails to pass the Legislature, the group plans to collect hundreds of thousands of voter signatures to place it on the ballot.
Buchholtz, a Kalamazoo businessman, said the change would boost Michigan's business climate by eliminating any tax on business, which he argues actually is paid by consumers. The plan would raise the same amount as current taxes raise for general and school aid funds -- around $20 billion annually.
Low-income residents would get monthly checks to shield them from paying much of the higher sales tax, which Buchholtz said would be roughly 2.5 cents more on the dollar than the current 6 cents.
Saturday, April 14, 2007
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