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- In this morning's news...
Tue May 10, 2011
Instead of axing it, plan calls for reducing the tax credit for the working poor
Governor Rick Snyder's administration has agreed to restore a reduced version of the state income tax credit for working poor families.
The reduced tax break will allow families that qualify to claim 6% of the federal earned income credit on their state taxes.
In the past families could claim 20%.
Snyder's original proposal called for elimination of the credit.