Michigan House approves Republicans’ tax cut
LANSING — Members of the Michigan House of Representatives on Tuesday approved a 0.2% reduction to the state income tax rate, as Republicans continue to blame Democrats for increased rates in 2024. In 2023, Michigan Treasurer Rachel Eubanks announced the state’s income tax rate would fall from 4.25% to 4.05% due to a 2015 law signed by GOP former Gov. Rick Snyder which reduces the income tax rate when revenues outpace inflation, though Michigan Attorney General Dana Nessel determined the reduction would only apply for the 2023 tax year, drawing the ire of Republicans. While the ...