Ideas on how to generate more tax revenue for the state to spend differ among Democrats and Republicans at the Illinois Statehouse.
Standing with the Illinois Revenue Alliance on Wednesday, State Senator Karina Villa pushed to end corporate loopholes.
The group claims to have found $6 billion in such loopholes that could close, calling it “progressive revenue.” Republican State Representative Kevin Schmidt said the state needs to foster more business growth.
Republicans offered a package of proposals to do things like end taxes on tips, or to waive first-year business license fees. Other GOP proposals include tax credits for donating to scholarship programs and increasing education expense tax credits to $1,500.
Story from Illinois Radio Network
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