LANSING, Mich. Jan. 11, 2023 — State Rep. Nate Shannon (D-Sterling Heights) introduced House Bill 4002 legislation to expand the working families tax credit, today. This legislation will provide tax relief to working Michiganders and their families to help them make ends meet.
“This bill provides meaningful aid for working families struggling to put food on the table and gas in their cars. It expands the Michigan Earned Income Tax Credit, which places more money in family budgets, which in turn puts more money into Michigan’s economy,” Shannon said. “The cost of living has steadily increased, and working people in my district and across the state have asked for help. Any additional money we can return to Michigan families helps to offset our increased costs and provides Michiganders with the support they need.”
A decade ago, under Gov. Rick Snyder and legislative Republicans, Michigan’s working families tax credit was slashed from 20% of the federal credit to just 6%, part of a massive effort to give tax credits for the rich and wealthy corporations. Democrats have prioritized tax relief for working families for many years, and Shannon is proud to reintroduce this legislation.