LANSING, Mich., May 19, 2022 — The House of Representatives voted today in favor of a plan to provide tax relief for Michiganders by cutting $2.7 billion in income and property taxes. The plan would lower the income tax rate from 4.25% to 4%, raise the personal exemption on income taxes, add a new $500 per child tax credit and expand the earned income tax credit (EITC). After the vote, state Rep. Alex Garza (D-Taylor) issued the following statement:
“During a time when Michiganders feel their wallets shrinking, I was proud to vote for a plan that provides some much-needed relief. While this plan provides tax cuts and credits that will bring real progress, it should only be the beginning. Downriver folks and those across the state finding it harder to stay above water due to rising costs need relief now. I also support delivering a $500 rebate to working families through the ‘MI Tax Rebate Right Now’ program, which would go a long way in doing just that.”