bg-header-wemu-rs.jpg
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Click here to find information about the shuttles to the Detroit Jazz Festival

Michigan Senate approves tax break bill

50Bucks.jpg
ARRA News Service
/
50 Bucks

Republican state Senator Aric Nesbitt sponsored the bill. He says neighboring states have lowered their corporate income tax rate.

“This is something where, you look at the overall tax cut, the vast majority of it’s going to working families. The vast majority of it is. This is about competing and winning against other states next to us.”

But Senate Minority Leader Jim Ananich says the income tax cuts would have a minimal impact on families.

“The tax cut alone is about 50 cents a day. So that is, you know, I mean we’ve seen commercials on television that raise more money for families than this tax would do.

The bill also includes a $500 credit for each qualified dependent.

Non-commercial, fact based reporting is made possible by your financial support.  Make your donation to WEMU today to keep your community NPR station thriving.

Like 89.1 WEMU on Facebook and follow us on Twitter

Contact WEMU News at 734.487.3363 or email us at studio@wemu.org

Colin Jackson is the Capitol reporter for the Michigan Public Radio Network.
Related Content