In 2011, the Michigan Legislature cut the state Earned Income Tax Credit from 20% of the federal EITC to 6%. That reduction is taking effect for the first time this tax season – and many taxpayers across the state are getting a big surprise. Their taxes have been increased.
The average eligible family will see its taxes increase by more than $300 with the reduction of the state EITC. The reduction is also estimated to plunge 9,000 Michigan children into poverty.
The Save Our EITC coalition is calling on the Michigan Legislature to restore the state Earned Income Tax Credit, to help reduce poverty, provide an economic stimulus in local communities, and help veterans.
We are reaching out to Prosperity Coalition members and friends throughout the state to declare support for one of the best tools for supporting work and reducing poverty. Will you join us?