SPRINGFIELD, Ill. – To help strengthen the economy and create jobs, state Rep. Natalie Manley, D-Joliet, is sponsoring legislation to reduce taxes for small and medium-sized businesses to help create jobs and lift up the middle class.
“This legislation is full of proposals that have been championed by Republicans and Democrats to help make Illinois more business-friendly,” Manley said. “Small businesses create nearly 46 percent of jobs in the state, and by reducing fees, lowering taxes and encouraging investment, this legislation will strengthen the economy and create jobs in our communities. We need more reforms, just like this, that will help strengthen the middle class.”
House Bill 160, which Manley is sponsoring, contains many provisions that have received bipartisan support. Provisions include a reduction in the fees to create limited liability companies (LLCs), tax credits for internships and apprenticeships, and an extension the Economic Development for a Growing Economy (EDGE) tax credits. Additionally, the legislation increases the Earned Income Tax Credit to allow working families keep more of their hard-earned money.
“There is no doubt that more can be done to help families and businesses in Illinois,” Manley said. “However, these reforms need to help people throughout the state, not just wealthy and well-connected political insiders. I truly believe that this legislation is a step in the right direction to help everyone in the state. This legislation, which incorporates ideas from conservatives and liberals is exactly the type of compromise that we need to put a budget in place and start moving Illinois in the right direction.”
For more information on Manley’s upcoming events, please contact her constituent service office at RepManley@gmail.com or 815-725-2741.