A2: Business

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The Detroit News reports on efforts by the GOP to revamp the Michigan Business Tax. The article quotes George Levy, CFO for GDI Infotech of Ann Arbor, who says the firm’s tax bill is jumping from $4,000 to $45,000. “The tax rate is high and there are all these credits, but they’re only usable by capital-intensive companies. Knowledge-based companies like ours get no credits and some are being chased out of state.” [Source]