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Groups Want More Money State Money For Tax Relief
As Illinois struggles with a deficit projected at more than $11 billion, groups are stepping up to ask the state to spend even more to give low-income households a bigger tax refund.

Groups such as Voices for Illinois Children, the Center for Budget and Tax Accountability, and Protestants for the Common Good, seek to increase the Earned Income Tax Credit from 5 percent to 20 percent. If this is done, a family of four making less than $42,000 a year would be eligible to get as much as $1,000 back from the state, depending upon how much they receive back from the federal government.

Sean Noble of Voices for Illinois Children, estimates such an increase would cost the state around $350 million a year, and hopes a quadrupled EITC will come on the heels of Gov. Pat Quinn’s proposed personal exemption increase.

(Illinois Radio Network)
04 18 09 by Newsroom
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