Capitol Fax.com - Your Illinois News Radar » Senate Dems want to up Pritzker’s ante on election-year tax cuts, but House and governor are so far non-committal
SUBSCRIBE to Capitol Fax      Advertise Here      About     Exclusive Subscriber Content     Updated Posts    Contact Rich Miller
CapitolFax.com
To subscribe to Capitol Fax, click here.
Senate Dems want to up Pritzker’s ante on election-year tax cuts, but House and governor are so far non-committal

Friday, Apr 1, 2022 - Posted by Rich Miller

* The governor’s office is saying they weren’t briefed on today’s $1.8 billion Senate Democratic proposal to cut taxes. Here’s Jordan Abudayyeh from Pritzker’s office…

We look forward to reviewing this proposal. Our conversations with members of the General Assembly in both chambers have been productive, and we will continue to focus on delivering fiscally responsible relief for working families.

House Speaker Chris Welch received a brief phone call about half an hour before the press conference. From Welch’s spokesperson Jaclyn Driscoll…

The Senate President did reach out to the Speaker shortly before the plan went public, but he still has not been thoroughly briefed on the details. He plans to review the proposal and discuss it in detail at the next caucus.

I’ve been hearing that Welch isn’t enamored at all with the idea of handing out tax breaks to upper-income earners. But he hasn’t had much time yet to digest this new proposal.

* The Senate Democratic plan would do things like pare back Pritzker’s one-year gas and grocery tax freeze/cut proposals to just six months in order to fund other items. But, at least it’s in there.

Look, the Senate’s gonna Senate, but let’s see how hard they decide to fight for all of these things. This looks like it could be, at least in part, member management. But, hey, at least they didn’t demand this stuff next Wednesday or Thursday. There’s still time to figure things out.

* By the way, these sorts of ideas have never really worked well in the past, politically speaking, including here in Illinois.

Senate GOP Leader Dan McConchie…

The Senate Democrats’ proposal appears to be just another election year stunt. Under their plan, checks and relief will arrive right before the election and then will expire right after the election. This is not the real reform the people of this state want and need, and Illinoisans will see right through this disingenuous gimmick.

* It is quite comprehensive, though. Here’s the press release…

Illinois Senate Democrats proposed Friday a more than $1.8 billion inflation-busting relief plan that would wipe out state taxes on back-to-school shopping and groceries, stop higher gas taxes and deliver income and property tax refund checks statewide.

“This plan gets money back in the hands of consumers. They’ve endured through this pandemic. It’s time for the state to pay it forward,” Senator Scott Bennett (D-Champaign) said at a Capitol press conference.

Under their plan, the state would directly deliver relief checks valued at $100 per person and $50 per child to state taxpayers making up to $250,000 individually or up to $500,000 jointly. A household of four could see a $300 check.

The relief checks would likely come in late summer or early fall. Lawmakers estimated more than 97 percent of state taxpayers would get a check of some amount.

The plan also wipes out for six months the state sales tax on groceries and stops a gasoline tax increase from happening. The proposal is modeled after one Gov. JB Pritzker proposed in his budget speech earlier this year.

“We’re going to drive down skyrocketing gas and grocery costs and give people some needed relief,” said Senator Elgie Sims (D-Chicago).

The plan also includes property tax relief checks of up to $300 that would be mailed to taxpayers. This idea is also one that originated with Gov. Pritzker’s budget proposal.

“Homeowners need help and this plan delivers direct relief to them,” said Senator Ann Gillespie (D-Arlington Heights).

The plan also wipes out the state sales tax on clothing, shoes and school supplies for 10 days in August to give consumers an economic boost as they go back-to-school shopping. As proposed, the sales tax would be lifted from Aug. 5 to Aug. 14.

“This recognizes the reality that families across the state face and should help lower the bill on their back-to-school shopping,” said Senator Michael Hastings (D-Frankfort).

The comprehensive proposal also includes expanded economic aid for lower-income workers and increased tax credits for teachers and volunteer first responders.

The plan, included in legislation filed Friday in the Senate, totals more than $1.8 billion in economic relief. It could be voted on in the coming days as the legislative session heads toward a planned adjournment on April 8.

“Through responsible budgeting the state has wiped out deficits and paid our bills. Now is the time to pay it forward and get money back to taxpayers,” said Senator Bennett.

* Dot points…

Putting money back in Illinoisans pockets
Senate Bill 1150

Paying it forward

Floor Amendment 1 (Bennett)

    • The majority of Illinoisans – more than 97% of taxpayers – will receive a one-time tax refund by the fall of 2022. Individual filers will receive $100 and joint filers will receive $200, with an additional $50 for up to three dependents.
    • Individuals making up to $250,000 and joint filers making up to $500,000 will receive checks in the mail.

How do people know how much they could receive from the refund?

    o People should review their 2021 income tax return. If they made $250,000 or less individually, they will receive $100. If they made $500,000 or less jointly, they would receive $200.
    o Individuals and households can add $50 per dependent, up to three dependents.

Who would be eligible for the refund?

    o Any Illinois taxpayer who filed a 2021 tax return and makes $250,000 or less individually or $500,000 jointly. This includes taxpayers who utilized an ITIN number on their 2021 return.

What would people need to do to qualify?

    o People would need to have filed their 2021 return by the filing deadline and make $250,000 or less individually or $500,000 or less jointly. Any person who fits this criteria would automatically be sent a check.

When would people receive this refund?

    o The refund is expected to hit people’s mailboxes by September.

Many people have already filed their 2021 return and received their 2021 refund. What would they need to do to claim this particular refund?

    o Nothing additional. Anyone who fits the income criteria and filed a 2021 return will automatically receive a check in the mail.

Suspending everyday taxes

Floor Amendment 2 (Sims)

    • Addressing inflation by suspending the 1% state grocery tax for six months.

Floor Amendment 3 (Sims)

    • Suspends the state’s portion of the gas tax increase for six months to help with rising prices at the pump.

Providing property tax relief

Floor Amendment 4 (Gillespie)

    • Provides property tax relief for homeowners. Property owners making up to $250,000 individually and $500,000 jointly are eligible for the tax credit of 5% of property taxes paid, with a maximum check of $300.

Helping Illinois families

Floor Amendment 5 (Hastings)

    • Helps families with back-to-school shopping by creating a state sales tax holiday on school supplies and clothing from Aug. 5 to Aug. 14 of 2022. Qualifying clothing and footwear with a retail price of $125 or less will have no sales tax during that time. School supplies are not subject to the $125 threshold.

Increasing the Earned Income Credit
Floor Amendment 6 (Aquino)

    • Helping lower-income Illinoisans by increasing the Earned Income Credit to 19%. The current EIC in Illinois is at 18% of the federal EIC.
    • Taxpayers 18-24 years of age, 65 and older, and taxpayers who use an individual taxpayer identification number would be able to claim the EIC if they would otherwise qualify for the federal EIC, which excludes these groups.

Tax Breaks for Teachers

Floor Amendment 7 (Holmes)

    • Gives teachers a tax credit of up to $250 for supplies bought for their classrooms.
    Relief for Volunteer First Responders

Floor Amendment 8 (Belt)

    • Shows appreciation for volunteer firefighters and EMS professionals by giving them a tax credit of up to $500 for a year in which they served at least 9 months in a volunteer capacity.

       

No Comments

Be the first to comment.

Sorry, comments for this post are now closed.


* Open thread
* Isabel’s morning briefing
* SUBSCRIBERS ONLY - Supplement to today's edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...
...............

...............

...............


Loading


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
March 2024
February 2024
January 2024
December 2023
November 2023
October 2023
September 2023
August 2023
July 2023
June 2023
May 2023
April 2023
March 2023
February 2023
January 2023
December 2022
November 2022
October 2022
September 2022
August 2022
July 2022
June 2022
May 2022
April 2022
March 2022
February 2022
January 2022
December 2021
November 2021
October 2021
September 2021
August 2021
July 2021
June 2021
May 2021
April 2021
March 2021
February 2021
January 2021
December 2020
November 2020
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
March 2020
February 2020
January 2020
December 2019
November 2019
October 2019
September 2019
August 2019
July 2019
June 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
October 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0




Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller