Walsh-Sponsored Measure To Reduce Taxes, Encourage Economic Growth Passes House

SPRINGFIELD, Ill. – Legislation sponsored by state Rep. Larry Walsh, Jr., D-Elwood, cracking down on corporations that ship jobs out of state, reducing fees for small businesses, and lowering taxes for working families recently passed the House.

“Small businesses are the backbone of our state’s economy and it is vital that we do what we can to make it easier to operate in Illinois,” Walsh said. “Expanding tax credits and lowering fees are two commonsense steps we can take to create jobs and help boost our economy.”

Walsh’s House Bill 160 is a comprehensive package of economic reforms that includes ideas from both sides of the aisle. His legislation reduces the fees to open small businesses, expands tax credits for working families, and encourages job growth by creating tax incentives for companies who hire new workers. Walsh’s measure also cracks down on corporations who ship jobs out of state by forcing outsourcers to pay back every dime they’ve received from Illinois taxpayers.

“Any company that ships jobs out of Illinois should never receive another dime from taxpayers,” Walsh said. “This legislation will lift up the middle class, create good-paying jobs, and create new economic growth for our state.”