Don't "Fix" State Budget With Graduated Income Tax

Recall 2007? The Michigan Legislature had appropriated more spending than tax revenues could accommodate, and it wanted to do the same in 2008. Legislators dithered all year in denial and in a GM-like failure to undertake transformational reforms. In a sloppy finish, they imposed $1.4 billion in business and personal income tax increases, notwithstanding what was then "just" a one-state recession.
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