A Michigan Senate committee has approved a 15 cents a gallon gasoline tax over three years to help fund a $1.4 billion road plan.
The legislation approved by Republicans along party lines would trim the income tax if Michigan’s general revenues rise above inflation in any given year.
The proposal would also redirect $700 million in general funds to road and bridge infrastructure, although specific spending cuts would be left for later. Another bill would eliminate a tax credit for lower-wage earners.
Michigan voters defeated a proposed sales tax hike in May that would have triggered more funding for roads, schools and municipalities.
Source: WNDU
