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Politics & Government
Welcome to Michigan Radio’s coverage page for the 2012 Election.If you’re looking for more information to help with your decisions, you can read our collection of stories about key races featured below.You can also check out our Guide to the Ballot Proposals.

Snyder signs cut in Michigan income tax

Governor Rick Snyder has signed a reduction in the state income tax.

Last year, Gov. Snyder and the Legislature delayed a reduction in the income tax rate to January 1 of 2013. This measure moves it up a little. Now, the rate will drop -- slightly -- to 4.25 percent on October first. There will also be an increase in the personal exemption.

Democrats say the tax relief offered is a pittance – about 50 cents a week – compared to the dozen tax breaks for working poor households, homeowners, and seniors on pensions that were eliminated last year as part of a Republican-led tax overhaul. That did not stop most from voting for the rollback.  

Republican leaders say the economy – and, therefore, revenue – has improved enough for the state to afford a tax cut. It also happens to coincide with an election year. The two Republican sponsors of the tax rollback come from competitive districts.

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