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Tue May 10, 2011
State Senators to take up tax reform bill
A state Senate panel is scheduled to hold a hearing later today on Governor Rick Snyder’s tax reform proposal. The Associated press reports:
The Reforms, Restructuring and Reinventing Committee is scheduled to take testimony Tuesday on legislation that would cut overall business taxes and lead to taxes on certain types of retirement income.
The Republican-led House passed the main bill in the package by a 56-53 vote last month. The legislation will face a tough challenge in the GOP-led Senate because some Republicans already have come out against it.
Some Republicans are opposed to taxing retiree income and to measures that would delay lowering the state's personal income tax rate.
Democrats generally oppose the plan.