State Rep. Beau LaFave today expressed outrage after Gov. Gretchen Whitmer vetoed legislation to provide billions in tax relief for every citizen of Michigan.
“This plan would’ve lowered taxes for all Michiganders at a time when we could have used it most,” said LaFave, of Iron Mountain. “Instead, the governor chose to singlehandedly stop an income tax cut.”
Senate Bill 768 would have reduced Michigan’s individual income tax rate from 4.25% to 3.9% reducing the burden on working families. The plan would have also allowed parents to receive a child tax credit of up to $500 per dependent under the age of 18, and seniors an increase in tax-free retirement income.
The governor is expected to soon veto another bill aimed at providing tax relief for Michiganders. LaFave supported a gas tax relief plan recently passed by the Legislature to help every driver throughout the state by suspending the state’s tax on gasoline and diesel fuels – providing immediate financial relief and taking pressure off wallets for every fill-up at the pump.
“The people are upset, and they have a right to be,” LaFave said.
State Rep. Greg Markkanen today said Gov. Gretchen Whitmer’s misguided decision to veto a key tax relief plan will hurt U.P. residents as they continue to see everyday costs spiral out of control.
The legislative plan would have provided $2.5 billion in tax cuts and pension relief for workers, families and seniors. The income tax rate would have been reduced from 4.25 percent to 3.9 percent for all individual payers, in addition to a nonrefundable child tax credit worth $500 for each qualified dependent. Exemptions on income for people 62 and older and retirement income would have seen some seniors eligible for savings of $40,000 as a single filer or $80,000 filing jointly.
“Unfortunately, it appears that Gov. Whitmer does not care about the financial struggles of U.P. residents. She has chosen to brush aside real solutions rather than work with the Legislature to benefit the people. Workers and families have been forced to be incredibly flexible in the face of surging costs. They’re seeing them every time they go to the grocery store, gas station, pharmacy, and elsewhere,” said Markkanen, of Hancock. “They’ve spoken up and said they need less of a burden on their budgets – and the Legislature prioritized being flexible to meet those needs. I will continue to be a voice for the western U.P. and work to bring costs down while letting people keep more of what they earn.”
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