SPRINGFIELD – State Senator Lakesia Collins joined legislators and advocates at a press conference Wednesday to fight for needed investments in Illinois communities by holding the ultra-rich accountable, closing corporate loopholes and making the tax system more equitable for working families.

“Our goal is to bring in new sources of revenue and additional revenue so our state can continue to operate and serve our communities,” said Collins (D-Chicago). “It is vital now more than ever that the wealthiest of our societies start paying their fair share.”

The initiative, brought to the Senate by Collins, is focused on closing tax loopholes for big businesses and investors. Her proposal, outlined within Senate Joint Resolution 22, would protect Illinois from the federal administration’s budget cuts by intentionally decoupling state tax policy from the federal expansion of tax breaks for corporations, bringing revenue and equity back to Illinois to fund the programs working families rely on.

With social services – such as health care, SNAP, Medicaid and more – stretched thin for many Illinoisans, and the Trump administration directly targeting federal safety net programs, Collins and other advocates are stepping up to the moment to ensure Illinois has progressive revenue policies centered around fairness and stability for all residents.

“The Trump administration is set on making sure big businesses get large, unsubstantiated tax breaks while residents are struggling to afford their way of life,” said Collins. “We have to act now to protect Illinois from a sweeping federal administration that is set on allowing the wealthiest to skirt by without paying their fair share.”

Collins will continue pushing for revenue solutions that fund essential programs for working families in the coming months.