Skip to content

Tax Cuts for Small Business Need to Be a Part of Budget Negotiations

Tax Cuts for Small Business Need to Be a Part of Budget Negotiations

May 4, 2022 Last Edit: June 5, 2025

Tax Cuts for Small Business Need to Be a Part of Budget Negotiations

Michigan has a lot of money to spend. Between one-time federal money, one-time state budget fund money, and ongoing budget surpluses, NFIB has been working with legislative leaders for tax cuts that are broad-based rather than offering economic incentives to certain industries. The House and Senate successfully passed a cut to the personal income tax (SB 768), which would have included relief for small businesses who file as pass through entities. Unfortunately, Governor Whitmer vetoed that legislation. 

As budget negotiations ramp up, there is still a chance for some sort of tax cut for could for small businesses in Michigan! In fact, the general government budget, SB 831, passed out of senate committee on April 26 with $2 billion set aside for tax relief.

However, the groups asking for more money toward their government funded programs are loud and consistent. We need small business owners to flood the inboxes of legislators and the governor and tell them that small businesses need help.  Take Action Today! 

Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

March 31, 2026
State Offers Tax Penalty Relief Options
Revenue Dept. launches voluntary disclosure, penalty waiver programs
Read More
Hand of a person casting a vote into the ballot box during elections
March 31, 2026
Which Proposals Will Make it to the Ballot in 2026?
An update on the current ballot proposals.
Read More
March 31, 2026
Michigan Legislative Update – Spring 2026 Edition
Learn more about the legislation NFIB is tracking.
Read More
March 31, 2026
Florida Legislative Update: Special Session Coming in April
Lawmakers are considering reforms to the state’s property tax.
Read More

© 2001 - 2026 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility