Michigan Gov. Gretchen Whitmer and state Democratic lawmakers announced on Friday that they plan to send the biggest inflation relief checks to all taxpayers in the state.
Gov. Gretchen Whitmer to Send Biggest Inflation Relief Checks
All taxpayers in the state of Michigan could receive the biggest inflation relief checks as Gov. Gretchen Whitmer and the state Democratic lawmakers announced on Friday their tax plan. Additionally, other measures or financial aids were also discussed.
Gov. Whitmer announced this after the bills to cut taxes for seniors in Michigan and increase the Earned Income Tax Credit are expected to be deliberated and debated in the committee early next week. They are also hopeful that the differences between the House and Senate will be resolved over the bills, according to a published report in Detroit Free Press.
Whitmer said, “We are poised to deliver the biggest tax relief to Michiganders in decades, and it will impact and benefit every taxpayer across the state,” She also added together with the Democratic lawmakers that, “Lowering MI Costs plan will repeal retirement taxes increased under former Gov. Rick Snyder.”
Easing the Effects of Inflation
Thousands of residents in Michigan continue to struggle with the negative effect of the increasing inflation rate. FOX Detroit reports, part of the tax plan is to increase the tax credit for low and moderate-income earners to 30% of the federal tax credit, up from 6%.
Furthermore, the plan to send inflation relief checks to all taxpayers in Michigan is to help them ease the effects of the inflation rate. Originally, Gov. Whitmer said that she planned to give $500 checks but on Friday’s announcement, she did not mention the amount of the inflation relief checks, Bridge Michigan reports.