Illinois Senate Democrats Propose $1B Tax Relief Plan

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Illinois Senate Democrats Propose $1B Tax Relief Plan
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The proposal calls for all Illinois residents with incomes of $250,000 or less ($500,000 for joint filers) to receive rebates of $100 each, plus $50 each for up to three dependents.

) offering tax breaks to low-income workers, homeowners, parents, teachers, drivers and even volunteer first responders.The timing of a package – should it succeed – couldn’t work out more perfectly for incumbent politicians eager to keep or curry favor with voters.

“Under their plan, relief will arrive right before the election and then will expire right after the election,” McConchie said in a statement. “This is not the real reform the people of this state want and need, and Illinoisans will see right through this disingenuous gimmick.”“That’s not our goal. Our goal was to make sure that we protect families, and we continue to invest in them … pay their money back to them, they are the best determinants of how their money can be spent,” Sims said.

The Senate Democrats’ proposal includes portions of the relief measures pitched in February by Democratic Gov. J.B. Pritzker, scaling back in areas while adding others. Pritzker’s measure would cost $1 billion, the expanded package is pegged at $1.8 billion. Suspending the gas tax increase is a sore point for Democrats’ union allies and fiscal watchdogs like the Civic Federation alike, who contend the $135 million would be better spent on its intended purpose of repairing ailing infrastructure.

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