Governor Whitmer recently took two bold steps: She formed a population commission and created a new department on lifelong learning. Both moves deserve applause, which are part of a broader strategy tied to economic development and growth. Or, as we…
This post summarizes a short report we wrote on the benefit cliff in Michigan, which can be found here: Mapping and Addressing Benefit Cliffs in Michigan In early 2023, Senator Kristen McDonald-Rivet established a working group to explore the so-called…
Two years ago, the Michigan Future, Inc. Board proposed that the state expand its Earned Income Tax Credit tenfold. Going from a six percent match of the federal credit to sixty. This was at a time, when despite unprecedented federal…
Significant tax credit would help working families make ends meet Michigan Future, Inc., a non-profit think tank focused on rising income for all Michigan households, today called for enactment of the Working Parents Tax Credit that would provide households receiving…
In today’s economy, the reality is talent attracts capital and quality of place attracts talent. Where young talent goes, high-growth, high-wage, knowledge-based enterprises follow, expand, and are created. Because talent is the asset that matters most to high-wage employers and…
Michigan's new Growing Michigan Together council and its workgroups have an opportunity to reverse four decades of Michigan population, employment, and household income decline. What follows is the Michigan Future Board's recommendations on what needs to be accomplished for creating…
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co, in his latest Letter to Shareholders calls for a big expansion of the federal Earned Income Tax Credit. He writes: The gap between skilled and…
Michigan was one of the most prosperous places on the planet in 1979. Its per capita income three percent above the national average. No more! In 2022 Michigan's per capita income was 13 percent below the nation's. The worst Michigan…
This post is a correction and update of a post originally published in April 2022. Important new report from United for ALICE entitled ALICE in focus: Children in financial hardship. United for ALICE found that nearly one million (946,119) children…
Terrific news from Lansing. Starting with the 2022 tax year the state match for the federal Earned Income Tax Credit is now 30 percent up from six percent. A historic win for Michigan’s working families and Michigan employers. Michigan goes…