The following description of Proposal 5 will appear on the November 2012 ballot:
A PROPOSAL TO AMEND THE STATE CONSTITUTION TO LIMIT THE ENACTMENT OF NEW TAXES BY STATE GOVERNMENT
This proposal would:
Require a 2/3 majority vote of the State House and the State Senate, or a statewide vote of the people at a November election, in order for the State of Michigan to impose new or additional taxes on taxpayers or expand the base of taxation or increasing [sic] the rate of taxation.
This section shall in no way be construed to limit or modify tax limitations otherwise created in this Constitution.
Should this proposal be approved?