(Lansing, MI) -- One of the casualties of Governor Rick Snyder's tax plans may get new life. The state Earned Income Tax Credit for low-income working families has been renewed in Senate negotiations, although at less than a third of its current level. The credit will be lowered to six-percent, and will be paid for by dropping a proposed 25 dollar-per-child tax credit and a special Homestead Property Tax exemption for the working poor. The current EITC credit is about 432 dollars for a qualifying family, but if approved, will drop to an average of just under 140 dollars.
Coast to Coast AM 12:00 AM - 5:00 AM
Call Coast to Coast now at 1-800-825-5033