Michigan League for Public Policy: Road funding ballot proposal: a win-win for everyone
ITEP Work in ActionAccording to a new report from the Michigan League for Public Policy, an analysis by the Institute on Taxation and Economic Policy shows that even after the sales tax increase, the restoration of the state’s EITC to 20% of the federal EITC is enough to offset negative effects for low-income workers. On average, when taking into consideration all Michiganders, the state’s lowest earners will experience a tax cut of $24; however, under this same plan without the increase in the EITC, these same earners would be paying $94 more a year.