State House Republicans have introduced legislation rolling back Michigan's income tax three months early.
The tax rate was scheduled to fall from 4.35 percent to 4.25 percent on January 1. The GOP legislation speeds up that rollback, making it effective October 1.
Republican State Representative Greg McMaster is co-sponsoring the legislation...
"The idea is to keep the money at home. We're spending enough money on government, we need to be accountable for what we're doing with that money. And frankly, we think we're being paid too much in those tax dollars. And we think it should go back to the family, and try to take care of the family."
Democrats are critical of the proposal, saying it doesn't go far enough.
They say the tax cut only equals 90-million dollars. That compares to a tax hike of 1.4 billion dollars for individuals that was approved last year.
The tax cut, as proposed, would save a family with 50-thousand dollars in income 17-dollars and 60-cents this year.
The tax rate was scheduled to fall from 4.35 percent to 4.25 percent on January 1. The GOP legislation speeds up that rollback, making it effective October 1.
Republican State Representative Greg McMaster is co-sponsoring the legislation...
"The idea is to keep the money at home. We're spending enough money on government, we need to be accountable for what we're doing with that money. And frankly, we think we're being paid too much in those tax dollars. And we think it should go back to the family, and try to take care of the family."
Democrats are critical of the proposal, saying it doesn't go far enough.
They say the tax cut only equals 90-million dollars. That compares to a tax hike of 1.4 billion dollars for individuals that was approved last year.
The tax cut, as proposed, would save a family with 50-thousand dollars in income 17-dollars and 60-cents this year.