Reduce state personal income tax rate
To cut the state income tax from the current 4.25 percent to 4.05 percent over two years. And then gradually reduce the rate by a quarter of a percentage point annually till it reaches 3.9% (if lawmakers keep $1 billion in the state’s rainy day fund). Note: 3.9% is the rate taxpayers were promised it would roll back down to when it was raised to 4.35% in 2007 by Gov. Granholm.