Published 11 days ago • loading... • Updated 10 days ago

Whitmer’s $3B Michigan road plan: Higher corporate tax, new marijuana tax

Governor Gretchen Whitmer proposed a $3 billion road funding plan for Michigan, funded by increasing corporate and marijuana taxes, as reported by The Detroit News.
The plan aims to generate $3.77 billion in additional revenue, with $1.6 billion from corporate taxes and $470 million from marijuana sales, according to Whitmer's office.
Whitmer's proposal includes diverting all gas tax revenue to road funding, which would shift about $1 billion from the current sales tax, as stated in the plan summary.
Some Republican lawmakers oppose the plan, asserting that existing revenue is sufficient for road repairs without raising taxes, as expressed by House Speaker Matt Hall.

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wdet.org

Whitmer road plan includes marijuana tax - WDET 101.9 FM

Gov. Gretchen Whitmer released a road-and-transportation funding proposal Monday that includes a new tax on marijuana products, more revenue from a business tax aimed at big-tech companies, and unspecified budget cuts. The Democratic governor says it’s a long-term plan to raise $3 billion annually for roads, bridges and public transit. “Today, I’m excited to introduce my brand-new plan that provides a long-term, sustainable solution to fix our r…

10 days ago

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Wood TV

Whitmer rolls out $3B road funding plan, eyeing more cash from marijuana, companies

GRAND RAPIDS, Mich. (WOOD) — Gov. Gretchen Whitmer on Monday released her plan to devote $3 billion for Michigan's roads. The proposal called for ensuring that every dollar from the gas tax goes to roads, but also for taxing marijuana wholesale and drawing in more money from big companies to create new revenue. A release from Whitmer’s office touted the Mi Road Ahead Plan as “fiscally responsible, balanced, and sustainable,” saying that local …

11 days ago

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