State Budget Update MICHIGAN (wgvu) - Another vote to increase the personal
income tax has stalled in the Michigan House.
Representatives have made little visible progress toward
resolving a state budget crisis projected for the coming fiscal
year.
Democrats who control the House were considering reconvening
shortly after midnight to try again.
The tax plan would raise the state's income tax from the current
3.9 percent to 4.6 percent. That would add about $594 to the 2008
tax bill of a married couple with two children earning $100,000 a
year.
The proposal would raise about $1.1 billion for the state next
fiscal year. The income tax rate would drop back to 4.2 percent in
2011.
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