Governor Engler has signed 32 tax cuts into law, saving taxpayers nearly $32 billion. The state inheritance tax and capital gains taxes have been eliminated. Personal exemptions for children, seniors and the disabled have been increased. The personal income tax rate is being reduced to 3.9 percent -- the lowest level in a quarter century -- and Michigan's main tax on business is being phased out completely.Engler's economic policies have helped to create more than 800,000 jobs in Michigan, cutting the state's unemployment rate from over 9 percent the year he took office to 3.4 percent in 2000 - the lowest annual level ever recorded. For an unprecedented five years in a row, Michigan has led the nation with the most new factories and expansion projects.
Source: Michigan.gov