The House is considering a bill to phase out the state’s income tax.
The current income tax is 4.25 percent. Under House Bill 4001 it would decrease to 3.9 percent on Jan. 1, 2018 and decrease by 0.1 percent each year afterward until it reaches 0 percent in 2057.
A House panel on on Tuesday approved the bill, sending it to the House floor for consideration by the whole body.
Proponents say it puts more money in the pockets of hardworking Michiganders. Opponents say it blows a hole in the budget. Here’s what they have to say in their own words.
For the full article, see "10 reasons people love, or hate, the bill to phase out Michigan's income tax", MIRS, February 16, 2017.