Mackinac Center for Public Policy: Potential Automatic Reduction To Income Tax Is A Good Start
January 14, 2023
January 14, 2023
MIDLAND, Michigan, Jan. 14 (TNSpp) -- The Mackinac Center for Public Policy issued the following news release:
State fiscal experts announced today at the Consensus Revenue Estimating Conference that a potential unplanned surplus could trigger an automatic decrease to Michigan's personal income tax rate. Officials won't know the exact status of the surplus or rate deduction until later this year. Below is a statement from Michael LaFaive, senior director of fiscal policy at the Mack . . .
State fiscal experts announced today at the Consensus Revenue Estimating Conference that a potential unplanned surplus could trigger an automatic decrease to Michigan's personal income tax rate. Officials won't know the exact status of the surplus or rate deduction until later this year. Below is a statement from Michael LaFaive, senior director of fiscal policy at the Mack . . .