Font size:
Bold strokes, such as cutting taxes and reducing the cost of public-employee benefits, are needed to help Michigan rebound, Mackinac Center President Joseph G. Lehman said Tuesday as part of a panel discussion at Wayne State University.
The forum, covered by The Detroit News, featured several speakers discussing Michigan's economy and how best to revive it.
Lehman said that bringing state and local public-employee benefits in line with the benefits offered in the private sector would save Michigan $5.7 billion annually. These savings would help strengthen the economy, Lehman added.
The News reported that panelists agreed several "Michigan myths need to be corrected" in order for the state to move forward. Lehman, for example, pointed out that Michigan's tax structure is "resilient," whereas the state's tax system is commonly perceived as antiquated and in need of expansion.
Get insightful commentary and the most reliable research on Michigan issues sent straight to your inbox.
The Mackinac Center for Public Policy is a nonprofit research and educational institute that advances the principles of free markets and limited government. Through our research and education programs, we challenge government overreach and advocate for a free-market approach to public policy that frees people to realize their potential and dreams.
Please consider contributing to our work to advance a freer and more prosperous state.
