The Lowering MI Costs plan will put money back in people’s pockets to help them pay the bills and put food on the table. The plan rolls back the retirement tax to save 500,000 households an average of $1,000 a year and quintuples the Working Families Tax Credit to put an average of $3,150 back into the pockets of 700,000 Michiganders, directly benefiting nearly half the kids in Michigan.
Lowering MI Costs provides long overdue relief for Michiganders after the rug was ripped out from under them in 2011, when the retirement tax was slapped on and the Working Families Tax Credit was gutted. We’ve worked together for over a decade to get this done, and I am proud to have partners in the legislature like {XXXXXXX} who are committed to delivering real relief. I am so excited to sign it and celebrate a huge win for Michigan seniors and working families.