Podcasts & RSS Feeds
Most Active Stories
Thu June 13, 2013
Republicans Propose Tuition Tax Breaks
With college tuition on the rise, Illinois House Republicans say they want to give working class families a break, and an incentive to go to a school in state.
Rep. Adam Brown graduated from the University of Illinois Urbana Champaign in 2007, but in that short time, tuition's steadily gone up.
BROWN: "The average cost for tuition, fees and books right now -- $26,000 and ten years ago that was $19,000.”
Brown proposes giving families a tax credit worth $1000 to help offset expenses for going to an accredited Illinois college or university. It'd only last four years, and be available to families with incomes under $150,000.
Of course -giving families a tax break means Illinois would be giving up that revenue. And Republicans, like Brown, have been calling for the state to rein in spending and for a rollback of the 2011 income tax hike. Still, Brown defends his plan.
BROWN: “Very few issues are more important than a well-educated working class and that’s exactly what these tax relief/incentive packages provide.”
Brown also wants to lift restrictions on the types of pre-paid college tuition funds, or 529s, on which Illinois residents can claim deductions.