|Statement on Passage of Economic Growth and Tax Reform Package|
|News Releases - Business, Economy & Finance|
|Written by Katelyn Tye|
|Monday, 19 December 2011 15:48|
CHICAGO – December 13, 2011. Governor Pat Quinn today issued the following statement regarding today’s passage of the Economic Growth and Tax Reform Package:
“Before veto session, we brought the leaders to the table with the goal of delivering economic growth and tax reform for both hard-working families and employers. The package that is on the way to my desk is a win for workers and a win for employers in Illinois.
“At its core, this package is about jobs. By doubling the Earned Income Tax Credit, we are supporting job creation and putting more money in the pockets of everyday working people, which allows them to spend those dollars at local businesses in their communities. Improving the value of the standard personal exemption is an effective tool that benefits all taxpayers and also makes our tax code more fair. The Research and Development Tax Credit and other small business tax credits included in this package will help spur job creation, investment and economic development all over the state.
“Investing in working families and employers is a good investment for Illinois. This package is the result of a bipartisan effort and diligent work by many. I commend the Senate, Senate President John Cullerton, Minority Leader Christine Radogno and Sen. Toi Hutchinson for their hard work to pass a package that will provide much-needed relief to working families in Illinois and help employers put more people back to work.”###
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