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Advocacy group tells Michigan subcommittee Mega tax credits cost "billions" and recommends redirecting funds to schools and infrastructure
Summary
Representatives of Fund My Future told a Michigan House subcommittee that Mega tax credits amounted to billions in corporate subsidies that undercut public services and did not deliver promised jobs; they urged lawmakers to consider redirecting funds to education, roads and workforce programs.
Charlie Kemp and Charlie Cavell of Fund My Future told the Michigan House subcommittee that the Mega tax credit program produced poor value for taxpayers and recommended steering resources toward schools, roads and workforce programs.
Kemp described the Mega credits as a subsidy that "gave selected tax breaks equal to the wages, profit sharing, and health care benefits they paid qualifying employees in Michigan," and argued the program "essentially passed the cost of wages onto the Michigan public rather than the companies profiting off of their labor." He said the credits were "an abject failure" and that, unless changed, the…
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