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The Small Business Briefing – May 12, 2025

May 12, 2025

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In this Small Business Briefing, Brian Calley, CEO of the Small Business Association of Michigan, and Sarah Miller, Vice President of Operations, discuss recent trade deals with Great Britain and China, the Federal Reserve’s fiscal policy, a new tax proposal in Congress, the Brandon Road project, unemployment claims, criminal justice reform in Michigan, Ford’s price changes, and proposed changes to independent contractor rules in the state Senate.
👉 Key Points:
  • Trade deals with Great Britain and China, including tariff reductions.
  • Federal Reserve’s “wait and see” approach to fiscal policy.
  • Proposed tax bill extending Trump-era tax cuts and introducing a new top tax rate.
  • Brandon Road project to prevent Asian carp from entering the Great Lakes.
  • Recent spike in unemployment claims in Michigan.
  • Progress in criminal justice reform in Michigan, reducing prison population and recidivism rates.
  • Ford’s price changes due to tariffs.
  • Proposed changes to independent contractor rules in Michigan’s state Senate.

 

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