MI SR0154

Urges Congress to permanently extend the Tax Cuts and Jobs Act of 2017 with accompanying spending reductions to prevent increased federal tax burden.

Cites TCJA provisions including reduced personal income tax rates across all income levels, nearly doubled standard deduction, reduced Alternative Minimum Tax, and a $10,000 annual cap on state and local tax deductions.

Notes corporate income tax rate reduction from 35 percent to 21 percent improved U.S. competitiveness among OECD nations.

States that major TCJA provisions expire after December 31, 2025, and their expiration would result in a massive federal tax increase affecting over 100 million American taxpayers.

Directs copies of the resolution to be sent to the Speaker of the House, President of the Senate, and Michigan's congressional delegation.