The business tax cuts were enacted by Gov. Rick Snyder and legislators at the end of 2012 but will be halted if a statewide vote fails in August.
A committee in the Michigan Legislature has voted to cut the state income tax rate from 4.25 percent to 4.05 percent by 2016.
Gov. Rick Snyder and lawmakers have nearly $1 billion more than expected when crafting Michigan’s next budget.
With claims that the voice of the people have not been heard – several House Democrats are making the rounds to be sure voters have an opportunity to air their concerns.
Legislation aiming to eliminate several hundred million dollars in taxes businesses annually pay on equipment is on its way to the governor.
Leaders from the governor’s office and the Legislature on Tuesday introduced a new plan to eliminate the taxes businesses pay on computers and equipment used in the manufacturing process, but it would require voter approval.
The recently released tape of Romney speaking to donors at a closed door fundraiser has exposed Mitt Romney to, in fact, be the person Democrats have portrayed him to be: a rich, out of touch, arrogant man that has no respect or connection to the American middle class and absolutely no interest in making the American middle class stronger.
Obama’s latest speech on tax cuts for the middle class is just a retread of his tired class warfare rhetoric and strategy.
Republican lawmakers have long wanted to get rid of a tax on equipment they say is keeping manufacturers from hiring more workers. But there’s a hitch, since many local officials don’t trust lawmakers to make up the lost funds.
A new study says Michigan is among just a handful of states raising taxes on low-income working families to finance tax cuts for other groups.