Retirement, earned income tax credit, inflation checks in proposed deal
A Michigan proposal detailed today would provide one-time 180-dollar checks to residents, cut taxes on pensions, and increase tax breaks for low and moderate income earners
Michigan Democrats are celebrating the plan. Governor Gretchen Whitmer says her inflation relief checks are the best way to help residents right away.
“This $180 check dwarfs any help that doing nothing and hoping that something that may or may not go into effect might assist people.”
Whitmer’s team estimates the checks could carry an 800-million-dollar price tag.
Republicans worry it could cost the state an income tax cut projected to take effect if current revenue projections hold.
No timeline has been released for getting the proposal through the legislature.