Michigan legislators consider tax cuts on personal income, corporations

In 2007, Michigan Governor Jennifer Granholm signed a tax increase from 3.9% to 4.35%, which was supposed to be temporary until 2015.
In 2012 Governor Rick Snyder signed a slight decrease from 4.35% to 4.25%. Now Michigan State Sen. Aric Nesbitt is leading the charge back to the original rate.
“Inflation is making life more difficult for families in the state of Michigan that are experiencing very large surpluses,” Nesbitt said. “So we need to step up and help hard-working taxpayers, small business owners, and our seniors and our working families.” Read more: https://www.clickondetroit.com/news/local/2022/01/27/michigan-legislators-consider-tax-cuts-on-personal-income-corporations/

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