A PROPOSAL TO AMEND THE MICHIGAN CONSTITUTION BY AMENDING SECTIONS 3, 7, 8, 10, and 11 OF ARTICLE IX, AND BY ADDING SECTIONS 43, 44, 45, 46, AND 47 TO ARTICLE IX. THE AMENDMENT IS BRIEFLY SUMMARIZED AS FOLLOWS: The Michigan Fair Tax Proposal would amend the Constitution of the State of Michigan to eliminate the Michigan Income Tax of 4.35% and the Michigan Business Tax and replaces those taxes with a 9.75% sales tax on all consumer purchases of goods and services, but does not tax business to business transactions. No other statewide tax could be restored, enacted, or the sales tax increased without a vote of the people. The state shall reimburse to every Michigan citizen's household an amount based on the Federal Poverty Level Guidelines. This proposal would constitutionally guarantee Revenue Sharing for counties, townships, cities, and villages.
The MI FairTax:
Makes sure everyone pays their fair share
Allows you to keep your entire pay check free of state taxes
Un-taxes the poor with a rebate on the necessities of life
Stimulates investment, economic growth and job creation
So according to this Amendment and the Federal Poverty Level Guidelines, the state will dictate how much we are allowed to spend on food and medication per month and we will be taxed for anything over that amount.
What it doesn't do is cut spending or reduce the size of government which is the reason the state can't balance the budget. Does this Fair Tax really sound like it will help the small business or the people of this state?