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Mon June 2, 2014
Report finds tax cuts have not been helping Michigan's economy
Michigan has been cutting taxes for the past 20 years. The key selling point has been that slashing taxes will create economic prosperity.
A new report by the former head of the state Treasury Department's Office of Revenue and Tax Analysis, Douglas Drake, says these tax cuts have instead drained Michigan of economic life, with our per-capita income rank tumbling, and our unemployment rate way above the national average.
Charles Ballard is an economist from Michigan State University.
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