Post by Logan on Jan 11, 2017 21:51:27 GMT -6
Michigan Senate Republican wants to blow a $9 billion hole in budget
Senate Republicans are looking at a proposal that would repeal Michigan’s 4.25% income tax, leaving a $9-billion hole in the state’s general fund budget.
State Sen. Jack Brandenburg, R-Harrison Township, said the bill he intends to introduce next week when the Legislature reconvenes will be the starting point of a conversation on how to provide tax breaks for individuals in the state.
“I want to fully look into what seven other states are doing and how they can get by without a state income tax,” he said. “The whole thing needs to be vetted out. I’m not in a hurry, and I’m open to all suggestions.”
Florida, Texas, Wyoming, South Dakota, Nevada, Alaska and Washington currently have no state income tax.
Read more: www.freep.com/story/news/politics/2017/01/06/michigan-senate-republican-lets-get-rid-state-income-tax/96256180/
Senate Republicans are looking at a proposal that would repeal Michigan’s 4.25% income tax, leaving a $9-billion hole in the state’s general fund budget.
State Sen. Jack Brandenburg, R-Harrison Township, said the bill he intends to introduce next week when the Legislature reconvenes will be the starting point of a conversation on how to provide tax breaks for individuals in the state.
“I want to fully look into what seven other states are doing and how they can get by without a state income tax,” he said. “The whole thing needs to be vetted out. I’m not in a hurry, and I’m open to all suggestions.”
Florida, Texas, Wyoming, South Dakota, Nevada, Alaska and Washington currently have no state income tax.
Read more: www.freep.com/story/news/politics/2017/01/06/michigan-senate-republican-lets-get-rid-state-income-tax/96256180/