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Figure 1
March 1, 1995
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By
Dr. Martin Wing
,
Joseph P. Overton
and
Robert Fish
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SKU: S1995-03
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Contents
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
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