Proposal 1, the only statewide question on the Aug. 5 ballot, would end a tax on manufacturing and small business equipment.
The credit is worth up to $1,200 and is more substantial for seniors and lower-income earners.
Taxpayers could save $371 million in the next budget year and $873 million the year the reduction is fully phased in.
Anticipating a sizable budget surplus, Republican lawmakers want to enact a broad-based tax cut for residents this election year.
Ever wish you still had a nice, long summer vacation? Consider running for office.
Critics say moving up the tax cut is an election year gimmick, but Gov. Rick Snyder says that’s not the case.
The State Supreme Court is hearing arguments on an $800 million question: The constitutionality of Governor Rick Snyder’s pension tax..