SW Michigan Today
Wed February 27, 2013
State democrats push for boost in low-income tax credit
Michigan governor Rick Snyder says a tax credit for low income residents is redundant. According to Interlochen Public Radio, state democrats want to revitalize the Earned Income Tax Credit, which has faced significant budget cuts in the past few years. But Snyder says residents with low wages already receive the credit.
Some conservatives want to increase the credit, saying it would promote employment in low-income areas. The proposed legislation would raise the credit from 6 percent to 20 percent.