skip to main content
skip to newscasts

Thursday, April 18, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Tribal advocates keep up legal pressure for fair political maps; 12-member jury sworn in for Trump's historic criminal trial; Healthcare decision planning important for CT residents; Debt dilemma poll: Hoosiers wrestle with college costs.

view newscast page
play newscast audioPlay

Civil Rights activists say a court ruling could end the right to protest in three southern states, a federal judge lets January 6th lawsuits proceed against former President Trump and police arrest dozens at a Columbia University Gaza protest.

view newscast page
play newscast audioPlay

Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

It's Inevitable - Congress' Tax Debate Touches Illinois Households

play audio
Play

Monday, September 13, 2010   

CHICAGO - With Congress reconvening today and the mid-term election season in full swing, lawmakers are expected to take up a topic that affects all Illinois households: taxes. Tax breaks that were put in place during the Bush administration will be expiring soon, and Congress needs to decide whether to continue them. Some say tax breaks should continue only for low- and middle-income people because they're still suffering from the recession. Others say wealthy people should get tax breaks because they create the jobs.

Sean Noble, director of government relations with Voices for Illinois Children, says low- and middle-income families can't afford higher taxes right now.

"That's true in Illinois especially, when you add together the state and local tax burden, even setting aside the federal. Oftentimes the very lowest income families pay twice as much a percentage of their income as do the very highest income families."

Noble says he's also concerned about the earned income tax and child care tax credits. They had been adjusted, through the stimulus package, to include more Illinois families. If those adjustments are allowed to expire, he says, hundreds of thousands of struggling families will suffer.

Noble says tax credits that were adjusted to reach additional low- and middle-income taxpayers have been easing the tax burden in Illinois.

"The earned income tax credit and the child tax credit are a couple of the avenues that can help to make taxes just a little bit more fair."

President Obama has recommended that the Bush era tax cuts be extended for everyone except the wealthiest two percent of Americans. Opponents say raising taxes on rich people will kill jobs. But Noble says that studies have shown tax breaks for everyone else help to create jobs.

"Low-income and middle-income people are far more likely to spend that money, boosting local businesses."

Noble says he thinks it comes down to two considerations.

"What are the wisest policies to help people who struggle the most, to help us get the federal economy overall back on track?"


get more stories like this via email

more stories
Environmental advocates are asking California's next state budget to prioritize climate mitigation and cut tax breaks for fossil fuel companies. (The Climate Center)

Environment

play sound

As state budget negotiations continue, groups fighting climate change are asking California lawmakers to cut subsidies for oil and gas companies …


Health and Wellness

play sound

Health disparities in Texas are not only making some people sick, but affecting the state's economy. A new study shows Texas is losing $7 billion a …

Environment

play sound

City and county governments are feeling the pinch of rising operating costs but in Wisconsin, federal incentives are driving a range of local …


Each year since 2018, there have been more than 1 million online ads for guns which could be sold without a background check. (Adobe Stock)

Social Issues

play sound

Well over three-fourths of Americans support universal background checks for gun purchases, but federal law allows unlicensed people to sell guns at …

Environment

play sound

By Max Graham for Grist.Broadcast version by Alex Gonzalez for Arizona News Connection reporting for the Solutions Journalism Network-Public News Serv…

During what is known as the Medicaid post-pandemic "unwinding" process, South Dakota saw the largest drop in children's enrollment in the country, with a 27% reduction in the first six months. (Adobe Stock)

Social Issues

play sound

Last year's Medicaid expansion in South Dakota increased eligibility to another 51,000 adults but a new report showed among people across the state wh…

Health and Wellness

play sound

There is light at the end of the tunnel for Tennesseans struggling with opioid addiction, as a bill has been passed to increase access to treatment …

Environment

play sound

The New York HEAT Act might not make the final budget. The bill reduces the state's reliance on natural gas and cuts ratepayer costs by eliminating …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021