Gas prices – ugh.
Inflation – double ugh.
The cost of groceries – you guessed it. UGH. UGH. UGH.
Everything in life is super expensive right now. So it sounded like a good idea when the Michigan GOP suggested a $2.5 billion break in the income tax rate, right? But the governor said no. What happened?
Here's Five Fast Facts …… :
- ⌛ Not the first time - It wasn't shocking to many that the bill was vetoed, considering a similar bill that also included a $2.5 billion break was put on the chopping block earlier this year.
- 🖐️On responsibility - Governor Whitmer says the bill isn't "responsible” because it would “blow a hole in the state budget”. Maybe she'd like to chip in for Michiganders gas bills each month? Every bit helps, right?
- ⛔ It wasn't the way - Whitmer also took issue with how the bill was fast-tracked, saying lawmakers didn’t follow “legislative process”, but she didn’t offer details on what processes were ignored.
- 💪 Won't back down - Representative Matt Hall says the fight isn't over. He'll keep proposing legislation that will help Michigan families from falling behind on their bills by lowering the state income tax from 4.25% to 4%.
- 🌸 Meeting in the middle - While this bill is dead on arrival, Whitmer has said she'd like to meet with lawmakers in the coming weeks to look at other ways, such as issuing residents a $500 rebate check, to help Michigan Paychecks. Hopefully they have a “kumbaya moment'' and work this out.
🔥Bottom line: Michiganders are growing tired of paying higher prices on every-damn-thing. It's time for both sides of the aisle to get it together and get us out of this mess. As always, we'll follow along with their madness, so you don't have to.
Do you think reducing the state income tax is a good idea? Let us know by connecting with us on Social Media and be sure to share this newsletter with any friends & coworkers!
Btw, If you’ve read this far and haven’t yet signed up for the weekly Paycheckology newsletter, CLICK HERE!