• RSS News – Lou Lang

    • House Democrats propose graduated income tax plan - Chicago Sun-Times April 16, 2016
      Chicago Sun-TimesHouse Democrats propose graduated income tax planChicago Sun-TimesLou Lang, D-Skokie, filed Friday — which will only work if Illinois voters approve a constitutional amendment to reform the tax code — most married taxpayers would pay 3.5 percent for income of $200,000 or less; 3.75 percent on income between $200 ...Is it time for a graduated […]
    • It's time for Illinois to graduate to a progressive income tax - Chicago Tribune April 28, 2016
      Chicago TribuneIt's time for Illinois to graduate to a progressive income taxChicago TribuneLou Lang of Skokie, is shown on the House floor in June 2015. Lang has sponsored a bill that would tax individuals with an annual income over $500,000 at 8.75 percent. (Justin L. Fowler, State Journal-Register). Eric ZornContact ReporterChange of Subject.April 28 […]
    • Rauner turns to privatization push during second year in office - Chicago Tribune April 30, 2016
      Chicago TribuneRauner turns to privatization push during second year in officeChicago TribuneLast month, Lang tried to dig into the not-for-profit's operations, organizing an oversight committee to question state officials about the arrangement. Schultz said the company's role would be limited to identifying opportunities and incentives and ...and […]
    • Heroin abuse summit draws hundreds from Will-DuPage area - Chicago Tribune April 29, 2016
      Chicago TribuneHeroin abuse summit draws hundreds from Will-DuPage areaChicago TribuneDurkin and Lang, during a news conference prior to the summit, noted a bipartisan effort led to creation of the act, following Gov. Bruce Rauner's veto of Lang's original bill. Rauner had objected to having the state pay for Medicaid for those seeking ...Will Coun […]
    • Hastert's state lawmaker pension checks continue, for now - Chicago Daily Herald April 28, 2016
      Chicago Daily HeraldHastert's state lawmaker pension checks continue, for nowChicago Daily HeraldLou Lang, a Skokie Democrat, says he hopes there will be a vote. It could be tough because at least one Democrat, state Rep. Jack Franks of Marengo, says he's against it, and Democrats in the House would need every last vote if Republicans don't jo […]
    • Progressive-tax proposal would favor corporations over small businesses, give Illinois 2nd-highest small business ... - Illinois Policy April 22, 2016
      Illinois PolicyProgressive-tax proposal would favor corporations over small businesses, give Illinois 2nd-highest small business ...Illinois PolicyState Rep. Lou Lang's progressive-tax scheme would put successful small businesses in Illinois on the defensive, not just against small businesses in other states but also against corporate competitors in Ill […]
    • Tax Policy Group Blasts Illinois Graduated Tax Legislation - WUIS 91.9 April 26, 2016
      Chicago Sun-TimesTax Policy Group Blasts Illinois Graduated Tax LegislationWUIS 91.9Members of a tax policy group based in Washington D.C., came to Springfield Tuesday to oppose two pieces of legislation that would change Illinois' income tax from a flat rate to rates based on how much a taxpayer earns. The change would depend on ...Progressive tax sche […]
    • Summer movie preview: Blasts from the past - Salt Lake Tribune April 28, 2016
      Salt Lake TribuneSummer movie preview: Blasts from the pastSalt Lake Tribune"The Innocents" • French director Anne Fontaine's dark drama (called "Agnus Dei" when it premiered at this year's Sundance Film Festival) is set in Poland, 1945, and centers on a French Red Cross doctor (Lou de Laâge) visiting a German camp and ...and mo […]
    • Graduation exercise - Illinois Times April 28, 2016
      Illinois TimesGraduation exerciseIllinois TimesThe higher the income, the higher the rate at which it would be taxed. Were Lang's bill made law – and remember that it would take a change in the Illinois Constitution to take effect – it would establish four tax brackets ranging from 3.5 percent to 9 ...
    • WJBC Forum: Not all Trojan horses are in Troy - WJBC News April 27, 2016
      WJBC NewsWJBC Forum: Not all Trojan horses are in TroyWJBC NewsLou Lang's bill that would, assuming the constitutional amendment passes, solve all our problems. It promises tax relief for the middle class: a married couple making under $200,000 would actually get a tax cut; the resulting revenue loss would not ...
  • RSS Blogs – Lou Lang

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Tax Relief Bill to Bring $150 Million to Illinois Households, Says Rep. Lang

(Skokie, IL) – The Illinois House of Representatives on Monday approved a $150 million tax relief bill targeting individual households.

The legislation, Senate Bill 400, which the House passed on a vote of 67-49, would increase Illinois’ Earned Income Tax Credit for low-income, working households from a maximum of $283 to $566, boosting worker take home pay $55 million in 2012 and $110 million in 2013.

According to Deputy House Majority Leader Lou Lang (D-Skokie), a married couple with three children earning $30,000 a year would pay $799 in Illinois income taxes under current law. The new tax relief bill would drop their tax bill to $625 this year and $600 next year.

“For many hard-working families, $200 is a significant amount of money to go back in their pocket,” said Lang. “In turn, they will likely spend that money at a local business, boosting the economy.”

More than 2.5 million people benefited from the tax credit in 2009.

In addition to raising the earned income tax credit, the legislation also raises the standard tax exemption for households from $2,000 to $2,050, indexing it for inflation.

“By raising the standard, individual tax exemption, we will be adding an additional $40 million to Illinois households,” said Lang.

House lawmakers also voted, 81-28, for legislation, Senate Bill 397, to provide tax relief to top Illinois employers, such as the Chicago Mercantile Exchange, Sears, and nearly 30,000 small businesses.

“The business tax relief will keep more than 8,100 jobs in Illinois,” said Lang.

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