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State Rep. Sarah Lightner, Republican vice chair of the House Appropriations Committee, today released the following statement after estimates from the Consensus Revenue Estimating Conference indicate revenue is up another $1.2 billion – a development that will trigger a rollback of the state income tax rate for the 2023 tax year:
“Practical policies put in place by legislative Republicans – and the economic growth our state has experienced as a result – are going to result in an income tax decrease for every single Michigan taxpayer.
“Despite repeated vetoes from the governor, prudent Republicans had the forethought to put in a trigger that rolls the income tax back if state revenues increase dramatically. Short of changing the law, there’s nothing that can be done to stop it – Michiganders will get the tax relief they’ve been waiting far too long to receive.”
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