Earned Income Tax Credit – Michigan

Michigan Dems: Restore low-income tax break, By Alanna Durkin (AP), March 3, 2013, Lansing State Journal: “Lansing taxi driver and single father Terry Beasley uses the federal and state earned-income tax credit to supplement the $12,000 he brings home every year, pay off bills and buy new clothes for his son. ‘It’s going to mean I’m going to have a whole lot less money and be a lot poorer,’ he said. About 800,000 low-income Michigan families, who qualify for the state’s earned income tax credit like Beasley, will bring home less money this year due to a reduction in the state’s earned-income tax credit to 6 percent from 20 percent of the similar federal credit, part of sweeping tax changes Republican Gov. Rick Snyder signed in 2011…”