Michigan Retailers Rally Against Plan to Cut Tax Break
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A proposal to help balance Michigan's budget has gained enough momentum that it's stirring a tax fight between the state's retailers and some lawmakers. Retailers, already hard hit by the recession, are fighting a bill to reduce the amount of money they receive as an incentive to quickly send sales tax payments to Lansing. The proposal, which would cost the state's retailers an estimated $5.8 million annually, would cause them to raise prices, lay off workers or close stores to offset the impact, said James Hallan, president and CEO of the Michigan Retailers Association.