Michigan Governor Gretchen Whitmer has a plan to reimburse tax-paying residents with a rebate from state funds as part of the proposed Lowering MI Costs initiative. The State of Michigan intends to send checks in the amount of $180 since it expects to have a big budget surplus with billions of dollars that will go unused.
All taxpayers who submitted tax returns for the most recent fiscal year are qualified to get the inflation rebate check. Despite the lack of information, it has been assumed that couples filing jointly would only receive one check. On how dependents relate to the funds, there is no information.
“Inflation has driven the cost up on everyday goods, which is squeezing household budgets and forcing families to forego necessities,” Whitmer, Senate Majority Leader Winnie Brinks of Grand Rapids and House Speaker Joe Tate of Detroit said in a joint statement.
“That’s why they sent us to Lansing to lower costs and put more money back into people’s pockets. We heard Michiganders loud and clear.” Right now it’s only a plan and it will need to come to a vote. Republicans have argued against sending checks and instead asked for a reduction in state income tax.
The inflation rebate plan is expected to pass fairly easily due to the Democratic dominance in the legislative branch.