LANSING, Mich. — Sen. Mark Huizenga on Thursday voted to pass legislation he helped negotiate to cut taxes by $2.5 billion for Michigan families, seniors and veterans.
“Every day, more and more Michiganders are struggling to pay for everyday necessitates — gas prices are setting all-time high records daily and inflation continues to soar upwards — and they need relief,” said Huizenga, R-Walker. “Meanwhile, state government prospers with billions of surplus dollars, thanks in part to revenues from gas and sales taxes. This isn’t the Legislature’s money. This isn’t the governor’s money. This is the people’s money. We can and must do better for the families that have placed their trust in us”
The MI Family Inflation Relief Plan would help every Michigander by lowering the state’s income tax to 4% and increasing the personal income tax deduction by $1,800. It would also support Michigan families by creating a $500 tax credit for each child under the age of 19.
Huizenga sponsored a substitute to House Bill 4568, which along with Senate Bill 784, would also increase the tax exemption for Michigan seniors over 67 to $21,800 for individuals and $43,600 for couples and ensure Michigan’s fully disabled veterans and the spouses of those lost in combat a 100% property tax exemption.
The bills will mark the third time this year that the Legislature has sent bipartisan tax relief to the governor for her signature. In April, she vetoed House Bill 5570 to temporarily suspend the state’s gasoline and diesel excise tax. In March, she vetoed Senate Bill 768 to reduce the state’s personal income tax, create a $500 per child tax credit, and increase the tax deductions for all seniors.
“Today’s legislation is an opportunity to put money back into the pockets of those who need it most,” Huizenga said. “It is my hope that the Legislature and Executive can put politics aside and come together to support this plan that helps Michigan’s hardworking taxpayers, families, seniors and veterans.”