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Senate Approves Tax Breaks For Low-income Workers

A plan to give tax breaks to low-income workers in Illinois is headed to Governor Quinn.  Senator Matt Murphy supported the measure because it gives people a chance to go to the next level in life.

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The proposal will raise the earned income tax credit from five to seven-and-a-half percent next year.  It will jump to ten percent in 2014.  It will also increase the standard exemption for all Illinois tax payers from two-thousand dollars to two-thousand-50 dollars in 2012.  After that, it will automatically adjust with inflation.  The bill will cost the state about 155-million dollars. 

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