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Free Press: Give the state's rich more of our tax money!

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Detroit Free Press's
self-described "liberal-minded" business reporter and columnist John Gallagher is once again doing a not-so-liberal-minded thing — asking Michigan taxpayers to cough up more money to help the state's wealthiest residents get even richer.

In a Thursday column, Gallagher calls for more tax breaks for wealthy developers, arguing the state should revive the historic preservation tax credit, which covered up to 25 percent of a project's cost before it was eliminated in 2011. Proposed legislation to reinstate the credits would provide developers with an income tax credit equal to 25 percent of a project's costs.

Gallagher is framing it as a tax break for the "little guy," but that's largely untrue.…

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