Gov. Whitmer unveils details of Lowering MI Costs Plan in Lansing
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LANSING, Mich. (WILX) - Governor Gretchen Whitmer announced new details on Monday about a plan to deliver the largest tax break to Michigan residents in decades.
Last week Governor Whitmer, Senate Majority Leader Winnie Brinks, and Speaker Joe Tate agreed to framework for the Lowering MI (Michigan) Costs Plan.
This plan repeals the public retirement tax and creates deductions for other sources of retirement income. It will also increase the working family’s tax credit and put an average of $3,150 back into 700, 000 Michigan residents’ pockets.
The Lowering MI Costs Plan will also provide inflation relief checks to all Michigan taxpayers.
The announcement can be viewed below.
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