Republicans Offer Their Own Plan

February 4, 2005
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LANSING — Republican state lawmakers followed up Gov. Jennifer Granholm's tax-reform proposal by floating a plan that aims to lure new investments in the state's high-tech sector.

GOP lawmakers are focusing on high-tech research and commercialization, increasing angel investing in the sector, and promoting worker development in technology to generate job growth.

"There is no single, silver bullet to fixing our economy. But by taking action on many different economic fronts, we can start being a national leader for recovery instead of unemployment statistics," said Senate Majority Leader Ken Sikkema, R-Grandville.

The proposal would offer incentives to investors through an equity-loss tax credit that would help to reduce the risk of people investing in tech-based companies, as well as provide incentives to workers to save for certain job training programs and for small and mid-sized companies to aid in worker development.    

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