To eliminate an increase in the <a href="http://www.michiganvotes.org/2006-SB-453">earned income tax credit</a>, which under current statute will go from 10 percent to 20 percent of the federal EITC for the 2009 tax year. The EITC is a refundable credit (or “reverse income tax”) for low income workers. It is estimated that the increase add $160 million to the current budget shortfall. The bill authorizes phasing in an increase over four years.
|20 Yeas / 13 Nays|
|Republican (19 Yeas / 0 Nays)|
|Democrat (1 Yea / 13 Nays)|
|Excused or Not Voting (4)|