Blog tagged as Economic

A conversation-starter proposal to raise the state’s 6 percent corporate income tax (CIT) to 10 percent with the additional revenue going to give public school teachers an estimated $20,000-a-year raise was circulated on the House floor today for co-sponsorship.

Rachel May, a 35-year-old bartender at Applebee's, opposes Michigan phasing out its tipping system. She wants state officials to know she chose to be part of the tipped worker industry, and "we're not some poor little servants that are underpaid."

Fifty percent of the total funding appropriated into the Strategic Outreach and Attraction Reserve (SOAR) Fund will be directed to "transformative community investments," such as housing, transit and childcare services, under legislation approved by the Senate

Throughout one whole year, a short-term payday loan provider could not charge service fees of more than 36 percent of the loan as residents pay it back, under legislation approved Wednesday 5-1 in the Senate Finance, Insurance and Consumer Protection Committee.

Grand Rapids resident Samika Douglas refers to herself as "a victim of the payday loan."