State Representative Tim Greimel (D-Auburn Hills) took time today to thank the Michigan House Republicans for their support of his proposed income tax cut, which would lower Michigan’s income tax rate to 3.9 percent, down from the current 4.35 percent. During House Session yesterday, Rep. Greimel offered an amendment to House Bill 5699, the Republican sponsored bill that only would have cut the income tax rate to 4.25 percent, offering very little relief to Michigan’s taxpayers. Rep. Greimel’s amendment knocked the rate down to 3.9 percent in order to give back the amount of money taxpayers have lost due to eliminated tax credits, exemptions and tax increases such as the pension tax. This amendment was gaveled down without a vote. Today, however, the House Republicans introduced legislation, HB 5729, to drop the income tax rate to 3.9 percent by 2018.
“I’m glad to see that the House Republicans have come to their senses and realize that their initial tax cut plan did very little to help the citizens of Michigan,” Greimel said. “While my amendment still would have provided relief faster by going into effect next year, I am happy to see a form of it gain traction. My proposed tax cut, which the Republicans apparently now agree with, will provide middle-class families with the tax relief they deserve and will more fully compensate them for the massive tax hikes that Republicans imposed on them last year.”