MACKINAC ISLAND, MI — Ford Motor Co. Executive Chairman Bill
Ford says Michigan should eliminate its personal property tax to make the state
more economically competitive.
During a speech Thursday on Mackinac Island, Ford said the
tax puts Michigan at a disadvantage against neighboring states such as Ohio, as
well as Canada.
He said Michigan also needs to invest in upgrading its
electric grid.
The state Senate voted earlier this month to eliminate the personal
property tax, which includes a levy on businesses' computers and equipment. The
measure is pending in the House.
Opponents of lifting the tax say it could reduce funding for
already-strapped public schools and local governments.
Ford said during the Detroit Regional Chamber's annual
conference that Michigan should make sure its policies aren't holding back
innovation and prosperity.
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