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More details are expected Monday from Governor Gretchen Whitmer and the Legislature’s Democratic leaders on a package to help taxpayers deal with the rising cost of living. The state has a surplus and the plan they outlined Friday is expected to include targeted tax rollbacks and rebate checks for residents.
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"Many Detroiters were leaving money on the table," said Priscilla Perkins, the President and CEO of the Accounting Aid Society.
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Whitmer told reporters she is willing to talk with Republicans about tax policy.
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The Legislature approved a batch of bills that lift the income tax on pensions and expand the earned income tax credit.
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Two reporters joined to break down Governor Gretchen Whitmer's annual State of the State Address.
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A plan to quintuple Michigan’s earned income tax credit advanced out of a state Senate committee Tuesday.
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Democrats expect negotiations for key economic policy bills as new legislative committees take shapeThe first bill Democratic lawmakers introduced this legislative session would phase out taxes on retirement or pension benefits.
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When Michigan lawmakers adjourned this week, they left many priorities sitting on the table. That includes an expansion of the Earned Income Tax Credit.
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Expanding the credit is widely popular in concept but a deal to extend more help to the working poor has long been an elusive goal.
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Tax cuts will likely be at the top of the priority list for the Michigan Legislature when lawmakers return to Lansing from their summer break this week.