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Study
Figure 1
By
Dr. Martin Wing
,
Joseph P. Overton
, and
Robert Fish
, published on March 1, 1995
MEGA Industrial Policy: An Analysis of the Proposed Michigan Economic Growth Authority
Executive Summary
Introduction
What is MEGA?
MEGA Promises
MEGA Problems
1. Targeted tax credits have no significant impact on job creation
2. MEGA would discriminate against small businesses, retail businesses, and capital-intensive businesses
3. MEGA would allow certain firms to be favored over their in-state competitors
4. General tax and regulatory reforms are already working
5. MEGA would be a massive realignment of Michigan tax policy
Figure 1
6. MEGA would allow a small group of political appointees to determine tax policy for some of Michigan's largest corporations
7. MEGA incentives would have to continually increase to be competitive
8. MEGA would make it more difficult to lower overall tax levels
9. MEGA would be difficult to terminate once established
10. MEGA would increase the cost of state government
11. MEGA would require companies to spend thousands of dollars and to evaluate locating in a competing state
Conclusion
Endnotes
Sources
More by Dr. Martin Wing
Make Michigan One Big Renaissance Zone
More by Joseph P. Overton
An Inside Look at the Government-School Mentality
Right-to-Work Laws Accelerate Economic Development, New Study Finds Michigan Losing Ground to Right-to-Work States
Robert Fish
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