© 2022 MICHIGAN RADIO
91.7 Ann Arbor/Detroit 104.1 Grand Rapids 91.3 Port Huron 89.7 Lansing 91.1 Flint
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Vice President Pence to promote GOP tax reform plan in Michigan

mike pence
whitehouse.gov
Vice President Mike Pence will speak Thursday afternoon in Auburn Hills.

Vice President Mike Pence will try to rally support in Michigan tomorrow for the new Republican tax reform plan. He’ll speak Thursday afternoon at American Axle Manufacturing in Auburn Hills.

The plan unveiled this week almost doubles the standard deduction for married taxpayers filing jointly to $24,000. Individual filers will see their standard deduction increase to $12,000.

The plan cuts the corporate tax rate from 35 to 20 percent. For individual tax filers, the number of tax brackets shrinks from seven to three, with a surcharge on the wealthiest Americans.

Michigan’s Republican members of Congress praise the plan as needed “progress.”

Rep. Paul Mitchell (R-Dryden) says the plan delivers “the fairness and simplicity Americans deserve.”   In addition, Rep. Tim Walberg (R-Tipton) says, the plan will allow “hard-working, middle-class families in Michigan to keep more of what they earn.”

But the Michigan Democratic Party blasted the Republican tax plan, saying it “only benefits the rich” and  is “just another bait-and-switch scam designed to rob from working men and women.”

It’s been three decades since the last major overhaul of the federal tax code.  

Steve Carmody has been a reporter for Michigan Radio since 2005. Steve previously worked at public radio and television stations in Florida, Oklahoma and Kentucky, and also has extensive experience in commercial broadcasting.
The Associated Press is an independent global news organization dedicated to factual reporting.
Related Content