EITC

Earned income tax credit
4:54 pm
Mon May 26, 2014

Bipartisan Support For Earned Income Tax Credit, But Budget Stands In Way

Credit Brian Mackey/WUIS

  With less than a week remaining in the Illinois General Assembly's spring session, advocates are still working to double the state's tax credit for the working poor.

Advocates say the Earned Income Tax Credit is more effective at lifting people out of poverty than welfare or raising the minimum wage.

More than 900,000 Illinois workers receive the state's version of the EITC, which is currently worth 10 percent of the federal version of the credit.

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Tax credits for the working poor
5:27 pm
Thu February 20, 2014

Lawmakers Considering Doubling Tax Credit For Poor

Rep. Barbara Flynn Currie (D-Chicago)
Credit Courtesy of ILGA.gov

  Efforts to raise the minimum wage have been getting a lot of attention, but it's not the only proposal intended to improve the lives of the working poor. Following the call of Gov. Pat Quinn, some lawmakers want to double Illinois' tax credit for low income workers.

The earned income tax credit began as a federal program, signed into law by President Ronald Reagan.

Illinois added its own state tax credit later. It's aimed at helping people work their way out of poverty by increasing their spending power.

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State of the State
6:00 am
Thu January 30, 2014

Quinn Proposes Modest Agenda; Republicans Warn of Cost

Gov. Pat Quinn speaks with reporters in this file photo.
Credit Amanda Vinicky/WUIS

Illinois Governor Pat Quinn delivered his sixth State of the State address Wednesday. As Brian Mackey reports, Quinn's speech was pretty much what you'd expect from a man fighting to keep his job despite some of the lowest approval ratings of any governor in America.

Quinn laid out a list of proposals that seem finely honed to appeal to Democratic voters: increasing the minimum wage, doubling a tax credit for the working poor, and requiring at least two days of sick time for all employees.

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