On Jan. 23, the Detroit Regional Chamber’s Tax Policy Committee hosted Kathryn Summers, Director of the non-partisan Senate Fiscal Agency, the organization that reports the state’s economic position, for a presentation on the recent Consensus Revenue Estimating Conference (CREC).
The CREC gathers the House Fiscal Agency, Senate Fiscal Agency, and the State Treasurer to share their economic outlooks for Michigan over the upcoming months and years. This most recent CREC resulted in an agreed-upon surplus of over $9 billion, which allows Gov. Gretchen Whitmer and the Legislature to start budgeting for one-time spending priorities.
Following Summers, Brian Shoaf, the Chamber’s Director of Government Relations, and Greg Nowak, the Chamber’s Tax Policy Committee Chair and Shareholder of Miller Canfield, presented the Chamber’s tax policy priorities, showcasing spending suggestions like expanding the Michigan EITC, building EV infrastructure, and funding one-time spending projects like road repairs and updated water treatment centers.
Additionally, Tax Policy Committee members are interested in pursuing changes related to the tax tribunal, reviewing non-residential taxes in the city of Detroit, and protecting the current corporate tax climate that was established during the Snyder administration.
Want to Get Involved?
The Chamber’s Tax Policy Committee meets quarterly to discuss local, state, and federal tax policy laws. Please contact your Chamber engagement manager if you are interested in shaping the Chamber’s advocacy work by joining the Tax Policy Committee.