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Income tax rate cut is a good idea and it’s fair

February 20, 2014
The Daily Mining Gazette

Michigan taxpayers are one step closer to receiving the tax break they both desperately need and, frankly, deserve. On Wednesday the State House Tax Policy Committee approved bills that would lower the state's income tax rate from 4.25 percent to 4.05 percent by 2016. Additionally, the committee approved a measure that would lower the tax rate another tenth of a percentage point in future years if the tax revenue increases by a minimum amount.



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