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A Michigan Senate committee is expected to vote on one tax cut proposal Wednesday afternoon, just hours before Gov. Gretchen Whitmer calls for separate tax cuts in her State of the State address this evening.

That comes after state fiscal experts earlier this month reported “astounding” revenue growth as Michigan recovers economically from the COVID-19 pandemic.

The GOP-led Senate Finance Committee has a hearing at 12:30 p.m. Wednesday on legislation that would provide about $2.3 billion of tax cuts by slashing the corporate income tax rate from 6% to 3.9%, the individual income tax rate from 4.25% to 3.9%, and would provide a $500 per-child tax credit.

Read more in Michigan Advance.