State Rep. Tom McMillin: “Use ‘extra’ money to drop tax rate”

Rochester Hills, MI – Today, after hearing the additonal revenue estimates coming into the State coffers from today’s May Revenue Estimating Conference, Rep. Tom McMillin (R – Rochester Hills) said, “If Lansing seems interested in spending some of this estimated additional revenue, then I believe a significant portion of it should be used to drop the personal income tax rate from 4.35% to 4.25% starting October 1 of this year.”

It’s expected that Rep. McMillin’s proposal would reduce revenue by about $200 million.  McMillin indicated he started circulating his idea recently and it has been met with interest from fellow legislators.

About Tom and Ann Gendich

Founders of Rochester Media. Looking to provide great local news to all people in and around Rochester and Rochester Hills. Send them a note at info@rochestermedia.com.

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