Trump’s ‘Beautiful Bill’ Will Create Big Michigan Budget Hole, Report Says. What About a Roads Deal?

Trump’s ‘beautiful bill’ will create big Michigan budget hole, report says. What about a roads deal?

The projected $1.1 billion hole in Michigan’s upcoming budget will likely put a wrench into ongoing negotiations over a long-term road funding plan.

Trump tax cut law blows $1.1B ‘hole’ in Michigan budget, new report warns

The report echoed findings from the nonpartisan Michigan House Fiscal Agency, which stated last week that changes to federal tax policy would result in a $677 million reduction in state business tax revenue next year.

Trump tax cut law blows $1.1B 'hole' in Michigan budget, new report warns

A new nonpartisan report concluded President Donald Trump's One Big Beautiful Bill Act would immediately have "a major impact" on the state's budget.

Report: ‘Big, beautiful bill’ will blow $1.1 billion hole in Michigan budget

The Citizens Research Council predicts ‘severe’ budget challenges from lost taxes and an increased state spending on Medicaid and SNAP benefits.

Michigan budget picture clouded by Trump megalaw’s business tax cuts

LANSING — Tax breaks tucked into President Donald Trump’s megalaw will benefit Michigan businesses but pose an additional complication for state lawmakers already struggling to enact their next budget. One estimate projects a $677 million reduction in revenue from Michigan’s corporate income tax and its income tax on flow-through entities... Please login to read all 1038 words.