Quantcast
Channel: WCMU News
Viewing all articles
Browse latest Browse all 1608

Advocates: Restore Earned Income Tax Credit with tax windfall

$
0
0
BY JAKE NEHER

The debate continues in Lansing over how the state should spend almost half a billion dollars in unexpected revenue this year.

Some advocacy groups said lawmakers should use it to restore tax credits for the working poor.

The state's Earned Income Tax Credit is less than a third of what it was a couple years ago. 
Michigan League for Public Policy President Gilda Jacobs said now there's money to restore the credit. She said at least part of the state's surplus should go back to the taxpayers that need it most.

"Part of balancing the budget was done on the backs of low-income people and seniors, and we can do something to fix that." Jacobs said.

A spokesperson for state House Democrats said they support the idea of using some of the money to restore the Earned Income Tax Credit.
Governor Rick Snyder said a similar tax credit from the federal government does enough to help working poor families in Michigan. He wants to use the extra cash to fix roads.

Copyright 2013, MPRN

Viewing all articles
Browse latest Browse all 1608

Latest Images

Trending Articles



Latest Images