Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co, in his latest Letter to Shareholders calls for a big expansion of the federal Earned Income Tax Credit. He writes: The gap between skilled and…
Now is the time to make fundamental change in the state’s economic development playbook. What we have been doing has not worked. Michigan's per capita income has fallen from around the national average at the turn of the century to…
Michigan was one of the most prosperous places on the planet in 1979. Its per capita income three percent above the national average. No more! In 2022 Michigan's per capita income was 13 percent below the nation's. The worst Michigan…
This post is a correction and update of a post originally published in April 2022. Important new report from United for ALICE entitled ALICE in focus: Children in financial hardship. United for ALICE found that nearly one million (946,119) children…
Terrific news from Lansing. Starting with the 2022 tax year the state match for the federal Earned Income Tax Credit is now 30 percent up from six percent. A historic win for Michigan’s working families and Michigan employers. Michigan goes…
One more important step to go to complete the historic expansion of the state's Earned Income Tax Credit. Starting with the 2022 tax year the state match for the federal credit is now 30 percent up from six percent. A…
A little more than three years ago the Grand Rapids Public Museum hosted Outsmarting the Robots: Redesigning education from the classroom to the halls of Lansing. The conference was organized around the question “How do we redesign our system for learning to build the 21st…
Minnesota is a high tax state. Has been for decades. Minnesota is the Great Lakes States best in economic well being and demographic outcomes. Has been for decades. Michigan is not a high tax state. Its taxes per capita far…
For nearly two decades we have urged Michigan economic policy makers to use Minnesota as a model. Because Minnesota across the board has the Great Lakes best economic outcomes. From low unemployment to high labor force participation to better than…
A year and half ago the Michigan Future Board proposed that the state expand its Earned Income Tax Credit tenfold. Going from a 6 percent match of the federal credit to 60 percent. This is at a time, when despite…