Michigan League for Public Policy: House Tax Proposal Continues Push for Inequitable Impact on Taxpayers, Drastic Impact on Budget
February 25, 2022
February 25, 2022
LANSING, Michigan, Feb. 25 (TNSRep) -- The Michigan League for Public Policy issued the following news release:
The Michigan House of Representatives' Tax Policy Committee voted along party lines to pass House Bill 5838, a proposal to significantly cut the personal income tax rate among other tax changes. According to analysis by the nonpartisan House Fiscal Agency, the bill would reduce available revenue for the budget negotiations by $2.4 billion in the 2023 state budget and cost . . .
The Michigan House of Representatives' Tax Policy Committee voted along party lines to pass House Bill 5838, a proposal to significantly cut the personal income tax rate among other tax changes. According to analysis by the nonpartisan House Fiscal Agency, the bill would reduce available revenue for the budget negotiations by $2.4 billion in the 2023 state budget and cost . . .