Gov. Gretchen Whitmer said the bill being presented was a broad change to the tax code that did not reflect its “original purpose,” which was to extend a tax filing deadline.
Income tax
Monique Stanton writes, “Broad tax cuts, such as the Legislature’s move to reduce the personal income tax rate from 4.25% to 3.9%, are inequitable and funnel most of the benefits to the wealthiest Michigan residents.”