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Fund My Future tells subcommittee MEGA credits cost Michigan billions, divert funds from schools and roads
Summary
Representatives of Fund My Future told the Oversight subcommittee that MEGA tax credits amounted to billions in public cost, citing figures including $2 billion through the end of the decade and historical budget impacts; they urged redirecting funds to education and infrastructure.
Charlie Kemp, research director at Fund My Future, and Charlie Cavell of the same coalition told the Oversight - Corporate Subsidies and State Investments subcommittee that Michigan's MEGA tax-credit program has been an expensive, ineffective subsidy that has shifted costs from corporations onto the public.
Kemp said the credits "essentially passed the cost of wages onto the Michigan public rather than the companies profiting off of their labor." He told lawmakers that the…
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