The Illinois governor plans to tackle inflation by sparing consumers nearly $1 billion in taxes in the coming year, including freezing taxes on groceries and gasoline and offering a rebate to homeowners
The governor's address Wednesday will be in person for the first time since the COVID-19 pandemic hit, but lawmakers are still encouraged to watch on video elsewhere to limit contact on the House floor during the latest coronavirus surge.
— Freeze the motor fuel tax on gasoline for a year at 39.2 cents per gallon. To fund Pritzker's $45 billion statewide construction plan in 2019, the tax was doubled to 38 cents and indexed to inflation annually. Without a freeze, it would increase 6.9% to 41.4 cents July 1, Manar said. — Provide a property tax rebate up to $300. Every property owner can get an income tax credit of up to 5% of property taxes paid. For single filers earning less than $250,000, the state would double that 5% credit in the form of a rebate. This would cost the state an estimated $475 million.
Republicans, who have said Pritzker spends too much and lacks financial discipline, will have a hard time knocking the idea of putting money back into consumers’ pockets. But there is room for criticism. Last spring, Pritzker said a main budget goal was reducing the so-called structural deficit — a fundamental imbalance in the state's revenues versus expenditures, as opposed to a deficit caused by an unexpected downturn or other temporary factors.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Gov. J.B. Pritzker to dangle tax relief as part of his first reelection-year budget proposalGov. Pritzker’s reelection-year budget proposal this week will dangle the prospect of delivering relief on food, gasoline and property taxes to voters.
Les mer »
ICYMI: NVIDIA’s RTX 3050 is a great budget GPU | EngadgetEngadget's tech reviews this week include a low cost ray tracing GPU from NVIDIA, new Jabra wireless earbuds and Sony's latest mirrorless camera..
Les mer »
Tesla delays new models, isn't working on a budget modelTesla CEO Elon Musk gives a run-down for the company's plans in 2022. Cybertruck and other models are delayed, no budget car is planned.
Les mer »
RS Recommends: The Best Earbuds Under $100 for Wireless Sound on a BudgetRS Recommends: You don't have to drop a ton of cash for a new pair of earbuds. Brands like Apple, Jabra and JBL all have decent earbuds available for under $100 right now
Les mer »
Neat Microphones Bumblebee II review: Sonic depth on a budgetA meticulously sculpted frequency response makes the Neat Bumblebee II USB microphone one of the most evenly balanced options for podcasting, livestreaming, and more.
Les mer »
French Films Allocate Under 3% of Budget on VFX on Average, CNC Report RevealsOn average French films allocate under 3% of their total budget on VFX, according to a report on employment in the French VFX sector presented at PIDS Enghien in Paris by the French film and TV age…
Les mer »