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Business Leaders for Michigan (BLM), the state’s business roundtable, today announced that a recent survey showed that a majority of Michigan voters believe the Governor and Legislature are moving the state in the right direction. Further, most Michigan voters believe it is necessary to eliminate the outmoded personal property tax on business, in order to keep growing jobs here. “The voting public clearly understands that Governor Snyder and our legislative leaders in Lansing are making the tough decisions necessary to turn Michigan around,” said Doug Rothwell, President and CEO, Business Leaders for Michigan. “Michigan residents understand that to create jobs quickly we must make our state competitive again like we outlined in our Michigan Turnaround Plan. The next step towards that goal is the repeal of the personal property tax on business.”

The telephone survey of 600 residents likely to vote this November was conducted August 3-6, with a margin of error of +/-4.0 percent, by the Glengariff Group, Inc. and asked: Recently the state legislature and Governor adopted legislation that made major reforms in Michigan’s tax system and made changes in how the state spends its money.

The survey revealed that 51.1 percent of voters support the elimination of the Michigan personal property tax on businesses, 15.8 percent of voters support a reduction of the tax and 26.5 percent of voters oppose any reduction in the personal property tax on businesses. Of those voters supporting the elimination of the personal property tax, 21.3 percent support the elimination with no replacement tax and 29.8 percent support the elimination as long as the state provides new funding to replace those revenues to local communities.   “The public gets it,” Rothwell said. “They know what it takes to make Michigan strong again, and that’s business investment. For too long, our tax and regulatory structure has kept us from competing effectively in our own region, let alone globally. We need to act, and act fast, to make Michigan a top ten state once more.”

About Business Leaders for Michigan: Business Leaders for Michigan (www.BusinessLeadersforMichigan.com) is a private, non-profit executive leadership organization dedicated to making Michigan a “Top Ten” state for job and economic growth. The organization is composed exclusively of the chairpersons, chief executives or most senior executives of Michigan's largest companies and universities, which provide over 320,000 jobs in Michigan, generate over $1 Trillion in annual revenue and serve over 135,000 students. The organization’s work is defined by the Michigan Turnaround Plan, a holistic, fact-based strategy to get Michigan’s economy back on track. Visit www.michiganturnaroundplan.com for more information.

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