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January 17, 2023

Monique Stanton: Increasing Michigan’s EITC will help working families and local businesses 

On Thursday afternoon, Gov. Gretchen Whitmer announced her support for increasing the Michigan Earned Income Tax Credit (EITC) — or as she referred to it, the Working Families Tax Credit — as a proven, bipartisan policy to put more money back in the pockets of working families and small businesses. 

When paired with the federal EITC, increasing the state EITC to 30% of the federal credit for Michigan’s working families would deliver an average combined tax refund of more than $3,200 to over 730,000 families. 

An analysis by the national Center on Budget and Policy Priorities shows that the increase would lift 32,640 people — including 16,800 children — above the poverty threshold.