SPRINGFIELD, Ill. – As part of her commitment to lift up middle-class families in Illinois, state Rep. Camille Lilly, D-Oak Park, joined colleagues to pass legislation that will provide economic reforms that put the middle-class first in Illinois.
“The governor has urged members of the General Assembly to compromise, and House Democrats continue to do so. We have proposed a series of economic reforms that will make Illinois a more business friendly state,” Lilly said. “In a time of such uncertainty, Illinois cannot afford to continue to lose businesses. When they move out of the state, they take jobs with them. This not only affects the economy of Illinois, but the entire middle-class.”
Lilly is sponsoring House Bill 160, which has important reforms for Illinois’ middle class and small and medium-sized businesses. Included in this package, Illinois workers would receive additional money by an annual increase in the state’s Earned Income Tax Credit. With Illinoisans able to keep more of their hard-earned money, this would allow for families to spend more and invest in their local communities. The reform package also helps small and medium-sized businesses by reducing a variety of fees and costs on corporations, extending tax credits for businesses that create jobs in Illinois and creating new incentives that encourage businesses to help employees continue their education. Lilly’s measure recently passed the House, and awaits further consideration by the Senate.
“My top priorities continues to be passing a fair and balanced budget and protecting the middle-class,” Lilly said. “This bill will provide relief for small and medium-sized businesses, which our families need. With these economic reforms put in place, middle-class families will be able to keep more of their hard-earned money and local businesses will be provided with incentives that will allow for them to grow, providing more jobs and economic opportunity for Illinois.”
Lilly represents the 78th District, which includes parts of Chicago, Oak Park, Elmwood Park, River Grove, Franklin Park, and Melrose Park.