State Rep. David Martin this evening voted against legislation that skews the tax code to favor seniors with public pensions over autoworkers and others with private pensions, 401(k) plans, or other retirement accounts.
Martin, of Davison, said the convoluted plan being pushed by Democrats also delays relief for years; in contrast to a plan introduced by House Republicans that provides fair tax savings to Michigan seniors by treating all retirees the same, regardless of their source of retirement income. The proposal Martin supports would also offer relief to working seniors.
“We have so many retired autoworkers in our community who worked hard their entire lives to earn their retirement,” Martin said. “The plan Gov. Whitmer and the Democrats in the Legislature are pushing would require them to continue paying taxes on their retirement income while people with public pensions pay none. That’s not fair. I cannot support it.”
The plan Martin supports, House Bill 4008, which would enable seniors 67 years and older to deduct $40,000 of all income from the state income tax, or $80,000 for couples filing jointly. The plan would further enable seniors ages 62 to 66 to deduct $20,000 of retirement income for individuals or $40,000 for joint filers. Deduction amounts would increase with inflation.
The Republican proposal would take full effect in tax year 2023, while the plan passed by Democrats would take years to fully implement relief.
State Rep. David Martin, R-Davison, today applauded the Michigan Public Service Commission’s decision to approve a permit that will allow Enbridge Energy to build the Great Lakes Tunnel and replace the segment of Line 5 that runs under the Straits of Mackinac. “The Michigan Public Service Commission made the right decision,” Martin said. “The people […]
State Rep. David Martin this week voted against a partisan plan to radically alter Michigan’s energy policy, voicing strong concerns that the new mandates will burden Michigan families with electricity that is more expensive and less reliable. The plan, advanced by House Democrats after a marathon session that stretched into the early hours of Friday […]
State Rep. David Martin today invited residents to meet with him during his upcoming office hours in Grand Blanc and Davison. Local office hours are an opportunity for residents to meet face-to-face with Rep. Martin to share their thoughts, questions, and concerns. The meetings are open to the public, and no appointment is necessary to […]
State Rep. David Martin today invited residents to meet with him during his upcoming office hours in Burton, Atlas Township and Groveland Township. Local office hours are an opportunity for residents to meet face-to-face with Rep. Martin to share their thoughts, questions, and concerns. The meetings are open to the public, and no appointment is […]