[Photo of James M. Hohman]

James M. Hohman

Assistant Director of Fiscal Policy

James M. Hohman is assistant director of fiscal policy at the Mackinac Center for Public Policy. He holds a degree in economics from Northwood University in Midland, Mich.

Did Gov. Snyder Create 275,000 jobs?

Job Announcements Don't Equal Job Creation

Too many candidates propping up corporate welfare. … more

Truth Squad’s Failed Proposal 1 Fact Check

Three exemptions to personal property tax, not elimination. … more

Proposal 1 of 2014: Summary and Assessment

Download the full study here.
On Aug. 5 Michigan voters will be asked to approve or reject Proposal 1, which would modify the state’s personal property tax. The legislation that would go into effect if Proposal 1 were approved by voters creates three new exemptions for certain businesses that are currently subject to the personal property tax; it does not eliminate the personal property tax. Commercial and industrial businesses with less than $80,000 of personal property will be exempt, and, eventually, all manufacturing personal property will be exempt. These exemptions amount to an estimated $600 million tax cut when fully implemented.
The package of bills includes a mechanism for reimbursing local government units for the revenue lost from these new exemptions. The state would set aside a portion of the statewide Use tax revenue, and use this revenue to reimburse local governments. It is estimated that local governments will be reimbursed for the entirety of the revenue lost due to the personal property tax cuts.
The state would also levy a new, but relatively small, tax on manufacturing personal property that qualifies for one of the exemptions described above, except the small parcel exemption. The state estimates this to raise $117.5 million, making the overall net tax cut of the legislation package worth about $500 million. … more

Legislators Should Look To Oklahoma To Address Pension Change ‘Transition Costs’

Agenda for Detroit: What Role Should State Play Post-Bankruptcy?

Michigan Politicians Misrepresenting Attorney General Position To Push Detroit Bailout

Lawmakers Misrepresent Detroit Pension Bill

Legislation does not “cap” potential taxpayer contributions. … more

Media Misinterpreting Detroit Pension Bill

Legislation doesn't address pension underfunding. … more