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What tax was introduced for the first time in Michigan during Romney's governorship?
Corporate tax
Sales tax
State income tax
VAT
Answer
In 2007, Governor Romney signed into law a bill that imposed a 2% state income tax on residents and non-residents. This was the first time in Michigan's history that a state income tax had been implemented. The tax was intended to help close a budget deficit and was projected to raise $1.4 billion in revenue. However, the tax was unpopular with voters and was repealed in 2011.
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