Small companies don’t assist repealing Michigan’s Proper to Work insurance policies, which they are saying would make it even tougher to do enterprise and solely advantages union employees, in accordance with a brand new survey by the Small Enterprise Affiliation of Michigan (SBAM) in Lansing.
“Michigan’s small companies are nonetheless dealing with challenges as they proceed to take a position and develop in Michigan,” says Brian Calley, president and CEO of SBAM. “Small companies made it clear that they don’t assist returning to insurance policies that served Michigan so poorly up to now.”
Key takeaways from the survey have been that greater than 74 % of survey respondents oppose repealing Michigan’s Proper to Work legal guidelines and 64 % oppose reinstating prevailing wage legal guidelines within the state.
Gov. Gretchen Whitmer desires to repeal the legal guidelines to reward a favourite constituency, specifically labor unions, that present thousands and thousands of {dollars} in marketing campaign donations to Democratic candidates each in Michigan and throughout the nation.
Based on the U.S. Bureau of Labor Statistics, the union membership price — the % of wage and wage employees who have been members of unions — was 10.1 % in 2022, down from 10.3 % in 2021.
Notably, in accordance with SBAM, 86 % of respondents consider that each one retirement earnings needs to be handled equally. Eighty-two % additionally assist exempting a portion of the sale from a enterprise from earnings taxes to create some parity with extra conventional retirement property. Moreover, 50 % of respondents assist growing the Earned Revenue Tax Credit score for low- to moderate-income employees.
The survey, carried out Jan. 18-27 of practically 500 small enterprise homeowners additionally revealed that:
67 % of small enterprise homeowners are having a tougher time attracting and sustaining workers than within the earlier yr.
77 % of small companies say worker compensation has elevated up to now yr.
40 % of small companies have skilled well being care prices growing greater than 10 % over the previous yr.
70 % of small enterprise homeowners say that provide chain shortages are nonetheless having a destructive influence on their operations.
91 % of small companies say they’re experiencing increased price will increase in comparison with regular occasions.
65 % of respondents stated that inflation remained the highest downside hurting their enterprise.
On account of this survey, SBAM launched proposed modifications to Senate Invoice 1 and Home Invoice 4001 to ascertain exemptions for the non-public sector that embrace the center class. The proposal known as for:
Growing exemptions to $65,000 and $130,000 for single and joint filers respectively to embody the center class. Index the quantities to inflation (shopper value index).
Increasing eligibility of the exemption to seniors who stay within the workforce.
Permitting working seniors to begin claiming this exemption upon attainment of the age of 59.5 which is the age that typical non-public sector retirement accounts are eligible for withdrawal with out penalty.
The complete survey and particulars on the center class and dealing senior retiree exemption modification can be found at sbam.org.
