A package of bills announced by state Democrats would expand tax credits for working families, homeowners and college students.
Grand Rapids Representative Winnie Brinks says the Blueprint for Michigan’s Families includes credits to help with childcare or the needs of an elderly parent.
She says it would also expand eligibility for Michigan’s Homestead Property Tax Credit and other tax benefits from a current household income of $50,000 to $100,000.
“We’re seeing the cost of care go up, not down," Brinks says. "Taken together, these credits will help Michigan families that are working to do right by their kids or loved ones.”
Officials say in all, the plan would generate nearly $1 billion in tax breaks for lower to middle-class adults and families. The number is cited as a partial "recoup" of tax breaks provided to corporations.
The plan would additionally support tax write-offs for employed Michigan residents with outstanding state or federal education loans.
Brinks announced the package with Senate Democratic Leader Jim Ananich in Grand Rapids on Monday.
The state lawmakers say they expect the bills to be introduced to the legislature in the next few weeks.
