LANSING, Mich. — Senate Majority Leader Mike Shirkey, R-Clarklake, issued the following statement on Thursday, after Gov. Gretchen Whitmer declared she will veto a historic $2.5 billion tax cut plan lawmakers sent to her desk:
“A sure sign someone has been in government too long is if they’re trying to convince you the bureaucracy can’t afford a $2.5 billion tax cut when it has an $8 billion surplus.
“The governor’s veto threat is a slap in the face of Michigan residents struggling to fill their gas tanks and pay for groceries at a time of record inflation – inflation that is a direct result of her policies and those of President Biden.
If she does veto this bill, the governor will be making it clear that she thinks she knows how to spend Michigander’s money better than they do.”
The Senate finalized on Thursday Senate Bill 768, which would reduce the state’s personal income tax back to 3.9% and create a $500 tax credit for each child under the age of 19. The legislation would also increase the tax deduction for seniors up to $40,000 for individuals and $80,000 for couples and lower the age of eligibility from 67 to 62.