SPRINGFIELD (WGEM) - Milk, bread, turkey and diapers - the effects of inflation have been wide-ranging for consumers.
Overall inflation is at 6.2%, and Republicans estimate the average family grocery bill has gone up by 5.4%.
Two Illinois House Republicans hope the state can provide some relief by giving people a refundable tax credit. Rep. Tom Demmer (R-Dixon) and Rep. Avery Bourne (R-Morrisonville) introduced their plan Tuesday morning.
They want single-filers making up to $75,000 to get a $200 tax credit. Joint filers making up to $150,000 would get $400 under the plan, and heads of households bringing in up to $112,500 would get $200.
Illinois House GOP aims to fight inflation with tax credit
- by: Mike Miletich
- 11-23-2021
- Source:
Heart of Illinois ABC
- 07/20/2023
bananas for sale by Tim Evanson is licensed under flickr Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)
bananas for sale by Tim Evanson is licensed under flickr Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)
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