LANSING, Mich. — The state Legislature recently approved a measure that would have provided a $2.5 billion tax cut for Michigan families and seniors, but the measure was vetoed by Gov. Gretchen Whitmer.
“While this veto is not surprising, it is most certainly disappointing,” said Sen. Kim LaSata, R-Niles. “People are struggling to get by while the state sits on a surplus of dollars. This was a missed opportunity to put that money back in the pockets of the people it rightfully belongs to — especially during a time when most families are having a hard time keeping up with their bills as costs continue to rise through the roof.”
Senate Bill 768 would have decreased the state’s personal income tax rate from 4.25% to 3.9% and provided families with a $500 per child tax credit.
The legislation also sought to protect more retirement income for Michigan seniors. The bill would have increased the tax deduction for seniors up to $40,000 for individuals and $80,000 for couples and lowered the age of eligibility from 67 to 62.
“The governor has routinely turned her back on the needs of Michiganders. Her heavy-handed shutdowns cost people their livelihoods, and her track record of vetoing measures aimed at helping those affected by them is well-established,” LaSata said. “This is just another tone-deaf veto that tells Michigan families that her campaign promises are more important than their house payment or grocery bills.
“This tax cut would have helped each and every Michigander. Unfortunately, once again, the governor chose to go it alone.”