Lawmakers are debating ways to return tax dollars to Michigan taxpayers. Governor Gretchen Whitmer has proposed a plan called MI Tax Rebate Right Now that would return $500 to working families. The state has a $3 billion surplus.
Speaking about her plan, Whitmer said, “Michiganders are counting on us to work together to provide real relief right now, so they can pay the bills and put food on the table. Let’s draw on the grit and determination our working families show every day and let’s get it done.”
Republican lawmakers are proposing lowering the individual income tax rate from 4.25% to 4% and increasing the personal income tax exemption by $1,800, as well as making families eligible for a $500 non-refundable child tax credit.
State Representative Andrew Beeler, who backs the Republican plan, said, “Irresponsible spending by the federal government has caused runaway inflation, kneecapping families in Sanilac and St. Clair counties. It’s past time we demonstrate that money is better spent by those who earn it than by the government.”
Reporting for WGRT – Jennie McClelland
