LAWS THAT WILL CHANGE IN THE US FROM 2026: IMPACTING ILLINOIS AND NEW YORK ARE: - THE AMERICAN RESCUE PLAN ACT OF 2021 (ARPA) WILL EXPIRE, AND STATES WILL HAVE TO FIND ALTERNATIVE FUNDING SOURCES FOR PROGRAMS AND SERVICES. THIS MAY AFFECT ILLINOIS' AND NEW YORK'S ABILITY TO PROVIDE SUPPORT FOR LOW-INCOME FAMILIES, HEALTHCARE SERVICES, AND INFRASTRUCTURE PROJECTS. - THE CHILD TAX CREDIT WILL EXPIRE, AND FAMILIES MAY SEE A REDUCTION IN THE AMOUNT OF THE CREDIT OR MAY NO LONGER BE ELIGIBLE. THIS MAY DISPROPORTIONATELY AFFECT LOW-INCOME FAMILIES IN ILLINOIS AND NEW YORK WHO RELY ON THIS CREDIT TO MAKE ENDS MEET. - THE EXPANDED AFFORDABLE CARE ACT (ACA) SUBSIDIES WILL EXPIRE, AND PREMIUMS FOR HEALTH INSURANCE MAY INCREASE FOR INDIVIDUALS WHO PURCHASE PLANS THROUGH THE ACA. THIS MAY DISPROPORTIONATELY AFFECT INDIVIDUALS IN ILLINOIS AND NEW YORK WHO RELY ON THESE SUBSIDIES TO AFFORD HEALTHCARE. - THE FEDERAL MINIMUM WAGE WILL INCREASE TO $15 PER HOUR, BUT STATES LIKE ILLINOIS AND NEW YORK MAY CHOOSE TO INCREASE THEIR MINIMUM WAGE FURTHER. THIS MAY LEAD TO INCREASED LABOR COSTS FOR BUSINESSES IN THESE STATES. - THE TAX CUTS AND JOBS ACT (TCJA) WILL CONTINUE TO AFFECT TAX RATES AND DEDUCTIONS FOR INDIVIDUALS AND BUSINESSES. THIS MAY IMPACT ILLINOIS AND NEW YORK'S TAX REVENUE AND MAY LEAD TO CHANGES IN STATE TAX POLICIES. - THE FAMILIES FIRST CORONAVIRUS RESPONSE ACT (FFCRA) WILL EXPIRE, AND EMPLOYERS MAY NO LONGER BE REQUIRED TO PROVIDE PAID SICK LEAVE TO EMPLOYEES. THIS MAY AFFECT WORKERS IN ILLINOIS AND NEW YORK WHO RELY ON THIS BENEFIT.
✍️ Illinois and New York have passed laws to benefit consumers, allowing them to save money and hassle when buying food. Illinois eliminated a 1% tax on food sales, while New York requires businesses to accept cash payments and regulates online returns and AI pricing.
👉 Illinois eliminated a 1% tax on food sales
👉 Counties in Illinois can still impose this tax if they choose to
👉 New York requires businesses to accept cash payments
👉 New York regulates online returns
👉 New York regulates the use of AI to analyze consumer data and increase prices
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#JBPritzker #KathyHochul #Illinois #NewYork #politics
