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Raising the Minimum Wage Would Help 1 in 5 Illinois Children, Boost State Economy

Raising the state minimum wage to at least $10.10 an hour would benefit an estimated 1.1 million Illinois workers and nearly one in five Illinois children (about 583,000). And new research indicates that these clear benefits to low-wage workers come with little discernible effect on employment.

In Focus

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The failure of the General Assembly to extend current income tax rates past their December 31 expiration resulted in an irresponsible budget that stops the improvement of Illinois’ finances in its tracks. However, it is not too late for lawmakers to do the right thing: maintain stable revenue to avoid deep service cuts, an increase in unpaid bills, and further credit downgrades.

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A new Fiscal Policy Center interactive web app, www.EITCWorks.org, allows users to pinpoint how doubling the Illinois Earned Income Tax Credit (EITC) would lift more families out of poverty and boost local economies in their legislative districts. Visit www.EITCWorks.org to find out how low-wage working families and small businesses in your district would be impacted!

Fiscal Notes Blog

September 12, 2014

Cutting state taxes on corporations will increase what individual taxpayers must pay without helping the economy, according to a persuasive Crain’s Chicago Business op-ed by Richard Longworth, a senior fellow at the Chicago Council on Global Affairs.…

September 12, 2014

Emily Miller, Voices’ policy advocacy director, has a new op-ed in the Huffington Post about a disastrous plan for Illinois  from a prominent national newspaper.…

August 19, 2014

Whether in good or bad economic times, investing in high-quality preschool is wise policy. …

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