A Democratic gubernatorial candidate is proposing a plan to offer no-premium, no co-pay healthcare to everyone in Michigan. In part, Abdul El Sayed told Michigan News Network the plan would be paid for with what he calls a “gross receipts” tax on Michigan’s larger corporations.
“75% of businesses will not pay a dime in Michigan,” El-Sayed said. “Gross receipts over $2 million, and then it is a 2% gross receipts tax, and then it goes up to 2.25% if you have over 50 employees just because that is to meet the cost of the current system under the ACA.”
El-Sayed says businesses would save by not having to pay for employee healthcare.
