State Rep. Timmy Beson, R-Bangor Township, today issued the following statement after Gov. Gretchen Whitmer vetoed a bipartisan plan to cut taxes for working families, seniors and small businesses:

“It’s hard for so many people to pay for everything they need, and we can and should lower their taxes to help them. Republicans and Democrats agreed on a plan to cut taxes now. Gov. Whitmer vetoed our bipartisan tax cut plan, and she ignored the needs of working families and seniors.”

Senate Bill 768, which earned bipartisan support in the Legislature, would have provided an estimated $2.5 billion in tax relief. The plan would have reduced the individual income tax rate from 4.25% to 3.9%; allowed families to claim a child tax credit of up to $500 per dependent under 19; enabled seniors to exempt an additional $20,000 of retirement income for individuals or $40,000 for joint filers; and lowered the age for the senior income exemption from 67 to 62.

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