IL House Republicans Propose Inflation Relief Tax Credit
Two Illinois House Republicans have put forth a tax credit proposal to help the state’s families to deal with rising inflation.
Dixon Representative Tom Demmer and 95th District Representative Avery Bourne introduced an “inflation relief” tax credit would provide payments ranging from $200 to $400, depending on income and tax filing status for Illinois families.
Demmer says the credit on next year’s taxes could be used from everything from groceries to gas: “$400 won’t make all the problems go away, but it could have a positive impact. It could be an extra week or two of groceries. It could be an extra few [dollars toward] utility bills. It could be the difference between being able to buy new shoes or a new winter coat for your kids.”
Bourne says Illinois families are especially feeling the record-high inflation: “Kiplinger has rated Illinois as the least tax friendly state for middle class families. While inflation is definitely impacting families across the country, it’s acutely impacting families here in Illinois that are already burdened with higher taxes. We hear a lot of stories at this time of year with inflation about how much the cost of Thanksgiving meals are going to go up, or how much Christmas gifts are going to go up, but it’s so much more than that. It’s groceries every single day and the cost of being able to heat your home.”
Read the full story on WLDS here.