Governor Whitmer Signs Directive to Lower Costs and Create Jobs for Michigan FamiliesExperts say law will lower costs and force billionaires, millionaires, and corporations to pay their fair share.

By Main Street Sentinel Staff

Governor Gretchen Whitmer has signed an executive directive ordering the state to make full use of the tax credits and other benefits provided by the Inflation Reduction Act, which was recently signed into law by President Biden. Analysis shows that implementation of the law will reduce costs and create jobs for Michigan families.

Experts say that the law will crack down on millionaires, billionaires, and corporations that ship American jobs overseas by ensuring that they pay their fair share—cutting the deficit by $300 billion and passing savings along to Michiganders. No Michigan family making less than $400,000 per year will see their taxes go up, but they will benefit in the form of lower prescription drug, health care, and energy costs, as well as initiatives that will create millions of manufacturing jobs.

“The Inflation Reduction Act will lower the cost of prescription drugs, health care, and energy, and I am taking action today to ensure that families have the information and resources they need to fully harness its benefits,” Whitmer said.