“THE MICHIGAN COMEBACK STORY”
– The Wall Street Journal Editorial Board
The Wall Street Journal editorial board writes that Michigan “offers a case study in the pro-growth potential of business tax reform,” pointing to the state’s tax reform efforts as the driver of the state’s “economic comeback.” After Michigan was “the only state to experience zero economic growth” between 2002 and 2007, Governor Rick Snyder used tax and regulatory reforms to recharge the GDP. The editorial board comments it was through Gov. Snyder’s actions of trimming the individual tax rate to 4.25% and replacing the state business tax with a 6% corporate tax that Michigan’s corporate-tax ranking “jumped to seventh from 49th.” Furthermore, two months after Gov. Snyder signed the tax reforms, “job growth turned positive,” and since 2011, “Michigan has led the Great Lakes region in manufacturing growth,” the editorial board remarks.
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In more tax reform news, RealClearPolitics reports on new polling from the American Action Network showing “that nearly three-fourths of voters consider tax reform an important priority for lawmakers, with 43 percent calling it a top priority.”
In computer science education news, Lori Higgins of the Detroit Free Press reports on the $300 million investment from the private sector to support President Trump and Senior Advisor Ivanka Trump’s STEM initiative. The investment is made up of donations from Amazon, Google, and General Motors among others, and according to the Internet Association is, “spread over five years,” and “is meant to complement Trump’s directive,” Higgins writes.
At The Daily Signal, the Heritage Foundation’s James Jay Carafano writes that the Trump Administration’s travel policies “have largely been right in line with what the U.S. has consistently done to thwart terrorist travel since 9/11,” saying the President’s new travel Executive Order is consistent with the policies that have kept Americans safe for the last 16 years.