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Tax cuts will likely be at the top of the priority list for the Michigan Legislature when lawmakers return to Lansing from their summer break this week.
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The roughly $77 billion plan includes a $54.8 billion for state departments as well as a combined $22.1 billion for school aid, community colleges, and public universities.
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Governor Gretchen Whitmer vetoed a bill Friday that was sent to her by the GOP-controlled Legislature to reduce the state’s income tax rate.
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“We see right through her newfound religion on tax cuts for working class families,” said Gustavo Portela, Michigan Republican Party Deputy Chief of Staff & Communications Director.
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More than $2.5 billion in proposed tax cuts made it past the Michigan Legislature Thursday. Governor Gretchen Whitmer voiced concern over how long its effects would take to reach Michiganders.
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Lawmakers sent a $1 billion tax cut to the governor’s desk in the early hours of Wednesday morning, ending their 2022 session.
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As Republicans finalize their tax cut package this session, Indiana Democrats are proposing more immediate relief for Hoosiers, including a temporary suspension of the state’s gas tax.
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The public got its last chance Monday to testify on this session’s major tax cut bill as House and Senate Republicans haggle over the measure’s final details.
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The Michigan Senate gave final approval Thursday to a bill that would drop the state’s income tax rate to under 4%.
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Gov. Eric Holcomb wants Indiana to match the lowest individual income tax rate of any state that has one in the country.