October 21, 2011 Bookmark and Share

Close Loopholes to Help Fix Roads

Lawmakers introduce bill that improves transportation by ending breaks for BP and Exxon

LANSING - As Governor Snyder is set to announce his proposals for Michigan’s infrastructure next week, State Representatives Jim Ananich (Flint) and Sean McCann (Kalamazoo) have introduced legislation that would provide more road funding by eliminating tax loopholes for corporations like BP and Exxon. Currently, some members of the oil industry are allowed to receive an estimated $12 million a year or more in tax breaks that could be better spent going directly to help repair Michigan’s roads and bridges.

“More investment in roads and bridges will help get people back to work right away and improve our infrastructure for continued economic growth,” said Ananich, a member of the House Appropriations Committee. “We hope the Governor considers our proposal as one piece of the transportation funding puzzle.”

The oil industry, which continues to make record profits, receives an “electronic transfer credit” of 1.5% from the state. This credit replaced an “evaporation credit” that was no longer applicable. The new legislation would get rid of this credit so that more funding is available for the Michigan Transportation Fund.

“We have to make sure every dime that can be going towards better infrastructure is actually being used to create jobs and improve roads,” said MCann, also a House Appropriations Committee member. “Eliminating this outdated loophole is one way of checking under every stone for critical transportation funding.”

House Democrats also introduced a “Michigan Jobs Now” plan earlier this year, HB 4758, which would invest more in transportation projects around the state. It has yet to receive a hearing.


Sign up for my E-newsletter Updates

Select Sean McCann as your Representative

I’m State Representative Sean McCann, and I serve Michigan’s 60th House District.

Welcome to my website! I’m proud to be a strong voice for all of Kalamazoo and I want you to know that I’m committed to serving you and your family. Please do not hesitate to contact my office if you need help avoiding foreclosure, exercising your consumer protections rights, accessing unemployment benefits or resolving any issue I can help you with. My door is always open.


State Representative Sean McCann

60th House District

Official PhotoPhoto GalleryVideo Gallery