Looming tax triggers spell trouble for Michigan2018-06-012020-08-27https://mlpp.org/wp-content/uploads/2018/02/mlpp-logo.pngMLPPhttps://mlpp.org/wp-content/uploads/2018/05/mi-capitol-building-web.jpg200px200px
Personal Income Tax (PIT) triggers are a bad choice for Michigan. Here’s why:
- Policymakers do not have enough information to know if they are affordable.
- They can trigger during economic downturns or other times when revenues are badly needed.
- They primarily benefit the top one percent of taxpayers.
- They enable policymakers to claim credit for cutting taxes while avoiding accountability for the consequences.
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