Michigan Technology related politics
LANSING - A report issued Wednesday by the AFL-CIO shows that chief executives for Michigan companies made 391 times the average pay for non-supervisory staff in 2016. The Executive PayWatch Report showed the average compensation for CEOs of Michigan S&P 500 companies was $14.71 million last year, compare $37,600 for production and other non-supervisory staff.
LANSING - The Michigan Senate saw little controversy in moving its final budget bills Thursday outside of Sen. Curtis Hertel Jr. calling for the savings from the other budgets being used for road construction. But, in the end, the most Senate opposition came on the higher education budget (SB 138), which passed 22-15, and the
WASHINGTON DC - All nine Republicans in Michigan's U.S. House delegation voted for the federal health care bill that would repeal many of the provisions of the Patient Protection and Affordable Care Act like the penalty tax for those without coverage, reduce taxes on high-income earners and dramatically alter Medicaid coverage for the poor with
LANSING - If career and technical education programs are going to gain the recognition that state leaders want, everyone involved needs to change how they talk about those programs, Governor Rick Snyder, Superintendent of Public Instruction Brian Whiston and Talent and Economic Development Director Roger Curtis said in various presentations to the Governor's Education and
LANSING - On Wednesday, legislation that would allow Michigan developers to capture a portion of sales, use and income taxes to redevelop brownfield sites through projects deemed transformational to the community was approved by a House committee. SB 111, SB 112, SB 113, SB 114 and SB 115 cleared the House Tax Policy Committee on
ANN ARBOR - The continued strength in consumer sentiment has been due to optimistic views on three critical components: higher incomes and wealth, more favorable job prospects, and low inflation expectations. All of these factors, however, have been influenced by partisanship, according to the University of Michigan Surveys of Consumers. Democrats expect an imminent recession,
LANSING - Michigan taxpayers who missed the Tuesday, April 18, state individual income tax filing deadline have options for filing a late return, according to the Michigan Department of Treasury. “Late filers should file all income tax returns that are due,” said Deputy Treasurer Glenn White, head of Treasury’s Tax Administration Group. “If a taxpayer
EAST LANSING - A new nationwide study of state business tax burden by Anderson Economic Group shows that Michigan has the sixteenth lowest business tax burden in the nation. The study found that 8.0 percent of Michigan business profits went toward state and local taxes in 2015 (the most recent year for which data are
LANSING - Michigan joined most of the rest of the nation in seeing its unfunded pension liabilities rise in 2015, according to a study released Thursday by the Pew Charitable Trusts. Nationally, there was a $1.1 trillion gap between current pension fund revenues and promised benefits in 2015, the most recent year with complete data,
LANSING - Thursday marked the day the state's new energy laws that passed last term take effect, and lawmakers, agencies and stakeholders involved in that process celebrated the occasion. Among the provisions of the energy law are increasing the state's renewable portfolio standard from 10 percent to 15 percent by 2021; establishing a combined goal
