Michigan GOP vs. Gov. Whitmer: A $6 Billion Surplus Battle
February 19, 2022 | Michigan
Gov. Gretchen Whitmer and the GOP-dominated Legislature will soon battle over spending a $6 billion budget surplus.
Whitmer wants targeted tax breaks for retired Michiganders; family tax credits; and, perhaps most controversial, has announced a plan that would give private auto manufacturers more than a billion dollars, which many Republicans also support.
Meanwhile, the Michigan Senate approved a $2.5 billion tax cut that aims to drop the corporate income tax from 6% and the flat personal income tax from 4.25% to 3.9%.
Whitmer has called the Senate bill “unsustainable,” saying it would undermine her $74.1 billion budget for 2023 by spending one-time money on recurring expenses.
Bill sponsor Sen. Aric Nesbitt, R-Lawton, says a broad income tax cut for Michiganders and corporations would help everyone instead of funneling millions to a select few private companies…. (Excerpt from the Michigan Star)
