News: An inadequate reduction in the SBT rate that would not take effect for over three years. This provision must be strengthened. We should not wait until 2009 for such a small SBT rate reduction (from 1.9 to 1.85%).
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* A doubling of liquor license fees on Michigan's hospitality industry. This excessive fee increase is regressive and would negatively impact business activity in Michigan. This provision should be deleted.
* Provisions that treat out-of-state taxpayers differently than in-state taxpayers. Prohibiting "the deduction of gains" will trigger costly litigation and is likely unconstitutional -- resulting in a loss of revenue rather than a gain in revenue.
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