Whitmer, Legislature Propose New Plans To Cut Taxes

taxes-safe-4-8
taxes-safe-4-8

From the Associated Press — Both Governor Gretchen Whitmer and the Republican-led Legislature are proposing new plans to cut taxes but remain at odds over the scope and immediacy of any relief. The Democratic governor called for a one-time $500 rebate for “working families,” adding to her earlier proposals to gradually repeal a tax on retirement income and fully restore a credit for lower-wage earners. Republican lawmakers planned to quickly pass legislation Thursday that would permanently reduce the state income tax, increase the personal exemption, create a child tax credit, fully bring back the credit for low-income workers
and expand a tax break for veterans.