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

Women's haircut. Hairdresser, beauty salon
October 24, 2025
NFIB Warns Illinois Small Businesses About Tax on Services in t…
Illinois State Director Noah Finley penned an opinion piece about how small…
Read More
October 20, 2025
NFIB on This Week in Texas: Vote ‘YES’ on Prop 9 to Help Ma…
Early voting begins this week – make your plan to vote ‘YES’ on Prop…
Read More
October 20, 2025
NFIB Releases New Ads in Texas Urging Voters to Support Prop 9…
Statewide Radio, Digital Ads Urge Voters to Vote ‘YES’ on Prop 9 to Hel…
Read More
October 17, 2025
Maine Capitol Update: Taxes
Federal Tax Conformity Debate and the Property Tax Relief Task Force
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility