Skip to content

Sen. MacDonald supports tax relief for families, seniors and small businesses

LANSING, Mich. — Sen. Michael D. MacDonald on Tuesday voted for a historic $2.5 billion tax cut plan to reduce personal and business income tax rates, provide families with a $500 per child tax credit, and protect more retirement income for Michigan’s seniors.

“As we begin the process of deciding what best to do with our state’s historic revenues, I was proud to join my Senate Republican colleagues to say we need to first provide much-needed relief to struggling Michigan families, seniors and small businesses,” said MacDonald, R-Macomb Township. “People in Macomb County and throughout our state are facing real challenges at home and at work — from ongoing effects of the pandemic to inflation that increases the costs of everything from gas to groceries.

“We can give them this important relief and still pass a responsible state budget that supports our students, provides critical services, and builds for a brighter future.”

Senate Bill 768 would reduce the state’s personal income tax from 4.25% to 3.9%, create a $500 per child tax credit, increase the tax exemption on all retirement income to $30,000 for individuals and $60,000 for couples, and reduce corporate income tax rates to help small businesses.

After passing the Senate, the bill now heads to the House of Representatives for consideration.

###

Editor’s note: Video of MacDonald’s floor comments will be available at https://www.SenatorMichaelMacDonald.com/video/.

The above photograph is available by clicking on the image or by visiting https://www.SenatorMichaelMacDonald.com/photos/.

Photo caption: Sen. Michael D. MacDonald, R-Macomb Township, outlines the need for broad-based tax relief before voting for a historic $2.5 billion tax cut plan to reduce personal and business income tax rates, provide families with a $500 per child tax credit, and protect more retirement income for Michigan’s seniors.