UTICA, Mich., April 9, 2024 — State Rep. Nate Shannon (D-Sterling Heights) co-hosted a press conference yesterday with Gov. Gretchen Whitmer at Utica Public Library. This event focused on continued efforts to lower costs and reduce taxes for Michiganders. Legislation became law earlier this year to expand the Working Families Tax Credit and roll back the retirement tax. Last year, during the 2022 tax season, the 6% EITC only provided Michiganders with an average refund of $154, but with expansion of EITC to 30% of the federal credit — legislation Shannon introduced — refunds are averaging $618 per recipient. Working families in House District 58 get an average boost of $739 from the tax credit expansion, and $4.6 million will be returned to the local economy. The repeal of the retirement tax will bring over 500,000 households statewide an average of $1,000 in tax relief every year. After the successful event, Shannon, issued the following statement:
“As your state representative, I have worked hard to push policies that keep more money in the pockets of hard-working Michiganders. I introduced the expansion of the EITC on multiple occasions, and this term was no different. I continued to advocate and introduced the initial bill to expand the working families tax credit. These savings are important to my constituents, and their hard work and dedication does not go unnoticed. I’m happy to have moved legislation across the finish line that makes an impact, and I will continue to support pro-economy, pro-worker and pro-savings plans for our district.”
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