LANSING, Mich., Feb 1, 2023 — State Rep. Rachel Hood (D-Grand Rapids) hosted a press conference yesterday to discuss legislation to provide tax breaks for verified blood donations. House bill 4068 would provide Michiganders a tax break on all blood donations made in the calendar year. The legislation encourages life-saving blood donations and helps stimulate the lagging economy by helping people save on taxes.
“I introduced this bill because it is an absolute win-win for the residents of Michigan,” Hood said. “Donating blood is a compassionate and charitable act that helps save lives and keep folks healthy and strong. One of the lingering impacts of the pandemic is a reduced blood supply. It’s time to get back on track, so we can save lives and accelerate access to health care. Motivating blood donors to get back into the habit of donating blood is a crucial step to ensure better health care for all.”
Data has proven that tax breaks improve the economy by boosting spending, also illustrating how tax credits can also help offset inflation costs for working-class families.
“Providing tax cuts means workers get a financial uplift, and that helps stimulate economic activity, which Michigan needs right now,” Hood added. “Blood donations help Michiganders save lives. Tax breaks help Michiganders save money. This is sensible legislation.”