Payroll Tax Deferral Could Put $150 Billion in Workers’ Pockets by End of 2020

Savings to workers include $4.0 billion in Michigan, $13.1 billion in Texas, and $6.5 billion in Illinois August 12, 2020—Chicago, IL—Economists at Anderson Economic Group (AEG) estimate that the President’s recent executive order deferring payroll tax collections between September and December could put over $150 billion in payroll tax contributions back into workers’ pockets between […]

Trump Executive Actions May Provide $400 per week for 15 Million or More Unemployed, Payroll Tax Cut for 150 Million Workers

“Emergency” Actions by Federal and State Governments Create Dilemma for Employers; Confusion for Workers; Work for Lawyers August 10, 2020—East Lansing, MI—Anderson Economic Group economists have reviewed the four executive actions signed by the President late on Saturday, August 8. These included three “presidential memoranda” and one executive order. Noting the uncertainties related to funds […]

Patrick L. Anderson’s Statement on Delayed Auto Tariffs

FOR IMMEDIATE RELEASE Anderson Economic Group CEO Patrick Anderson, whose consulting firm works with manufacturers, suppliers, and dealers in the auto industry in the U.S. and other countries, offers the following statement regarding the White House announcement of a delay in levying tariffs on imported vehicles. “The announcement is welcome news to workers and taxpayers […]

Tax Burden for Small Business in Michigan

In 2015, the National Federation of Independent Business (NFIB) commissioned Anderson Economic Group to produce a memorandum describing and quantifying the state and local tax burden and underlying trends for small businesses in Michigan. In 2019, as a new governor and legislature came into power, NFIB commissioned Anderson Economic Group to update this memorandum using […]

Annual levy to go up to help pay for pensions

“Anderson Economic Group examined what would happen if the state government voted to ease the investment restrictions on local pension funds with less than $10 million in assets — that is, allow them to invest more than the 40 percent of its funds in the stock market or to be able to diversify portfolios more […]

Cannabis vs. road costs: Tax money unlikely to be panacea for pavement

Crain's Detroit Business,

Marijuana Legalization Could Generate $175 Million In New Michigan Taxes

MITechNews,

Marijuana Tax Revenue Won't Be A Panacea For Schools

WKAR MSU,

Tax Note On Marijuana Tax Revenues Under Michigan’s Proposal 18-1 Released

 

Tax Note: Revenues from Legalizing Recreational Marijuana Under Michigan’s Proposal 18-1