Loading...
HomeMy WebLinkAboutResolutions - 2022.07.19 - 37487BOARD OF COMMISSIONERS July 19, 2022 MISCELLANEOUS RESOLUTION #22-254 Sponsored By: David Woodward, Robert Hoffman Board of Commissioners - Resolution Encouraging the Governor and Michigan Legislature to Significantly Increase the State Earned Income Tax Credit Chairperson and Members of the Board: WHEREAS the federal Earned Income Tax Credit (EITC) was enacted in 1975 to provide tax relief for low and moderate -income households with work -related sources of income; and WHEREAS it is a refimdable credit against taxes on income earned, meaning that under certain circumstances, the EITC can result in a net contribution to household income; and WHEREAS the EITC is a proven anti -poverty tool, lifting 5.6 million people, more than half of whom are children, out of poverty nationwide; and WHEREAS Michigan, along with 28 other states and the District of Columbia, enhances the federal EITC with a state credit; and WHEREAS Michigan's state EITC, with strong bipartisan support, previously sat at 20% of the federal EITC until it was dramatically reduced to 6% in 2011; and WHEREAS in tax year 2019, about 738,380 working Michigan families benefited from the state EITC; and WHEREAS in 2019, about 56,420 families in Oakland County benefited from the state EITC; and WHEREAS in 2019, about $7.47 million was put back into Oakland County's local economy by virtue of the state EITC; and WHEREAS every $1 brought into a community through the EITC generates $1.67 in economic activity; and WHEREAS the EITC positively impacts small businesses and strengthens local economies by increasing household spending power and helping lower -and -moderate -income workers afford basic needs; and WHEREAS according to the MSU Center for Economic Analysis and the Product Center 2019 analysis, the EITC benefits urban, suburban, and rural residents alike; and WHEREAS the EITC also drives improved educational outcomes for children and ultimately increases the chances of students being able to attend and/or afford college; and WHEREAS even before COVID-19's negative impact on the state's economy, far too many working residents were struggling to cover the basic cost of living with 1 in 6 Michiganders - and 1 in 5 Michigan children - living in poverty and, according to the ALICE Report, 38% of households in the state, the vast majority of whom are working, are struggling to afford a basic monthly -budget; and WHEREAS leaders from across the political spectrum from President Ronald Reagan to President Barrack Obama have been strong supporters of the EITC for the many benefits identified above; and WHEREAS at 6%, Michigan's current EITC is one of the weakest in the nation; and WHEREAS in the last year, both Democratic and Republican leaders in Michigan have expressed support for a significant increase to the state's EITC, including Senator Wayne Schmidt (R-Traverse City) who has introduced a bill to increase the EITC to 30% of the federal, and Governor Gretchen Whitmer (D) who listed an EITC increase as a priority in her 2022 State of the State address; and WHEREAS twelve Chambers of Commerce throughout the state, including the Detroit Regional Chamber, along with a wide variety of community stakeholders including the Small Business Association of Michigan, Oakland University, Michigan Nonprofit Association, and Michigan Association of United Ways are actively encouraging a significant increase to the state's EITC; and WHEREAS for all the reasons listed above, an increased EITC would provide clear, immediate and tangible benefits to Oakland County residents and businesses. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners calls upon the Governor and members of the Michigan Legislature to include a substantial increase in Michigan's Earned Income Tax Credit in the FY 22/23 state budget. BE IT FURTHER RESOLVED that the Oakland County Clerk/Register of Deeds is requested to forward copies of this adopted resolution to all Oakland County cities, villages, and townships, the Governor of the State of Michigan, the members of the Michigan congressional delegation, the State Senate Majority and Minority leaders, the State House Speaker and Minority leader, and the members of the Oakland County delegation to the Michigan Legislature. Chairperson, the following Commissioners are sponsoring the foregoing Resolution: David Woodward, Robert Hoffman. Date: July 19, 2022 David Woodward, Commissioner , tppp�p��{1yA Date: July 25, 2022 Hilarie Chambers, Deputy County Executive II Date: July 28, 2022 Lisa Brown, County Clerk / Register of Deeds COMMITTEE TRACKING 2022-06-23 Full Board - refer to Legislative Affairs & Government Operations 2022-07-12 Legislaive Affairs & Government Operations - recommend to Board 2022-07-19 Full Board VOTE TRACKING Motioned by Commissioner Kristen Nelson seconded by Commissioner Michael Gingell to adopt the attached Resolution: Encouraging the Governor and Michigan Legislature to Significantly Increase the State Earned Income Tax Credit. Yes: David Woodward, Michael Gingell, Michael Spisz, Karen Joliat, Kristen Nelson, Eileen Kowall, Christine Long, Philip Weipert, Gwen Markham, Angela Powell, Thomas Kuhn, Chuck Moss, Marcia Gershenson, William Miller III, Yolanda Smith Charles, Charles Cavell, Penny Luebs, Janet Jackson, Gary McGillivray, Robert Hoffman, Adam Kochenderfer (21) No: None (0) Abstain: None (0) Absent: (0) Passed ATTACHMENTS None STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lisa Brown, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on July 19, 2022, with the original record thereof now remaining in my office. In Testimony Whereof, I have heretmto set my hand and affixed the seal of the Circuit Court at Pontiac, Michigan on Tuesday, July 19, 2022, Lisa Brown, Oakland County Clerk /Register of Deeds