News

Lawmakers Continue to Struggle over Taxes

Lawmakers Continue to Struggle over Taxes

Photo: Newsradio WTAX

You can’t cut your way to prosperity. That’s the message the Center for Tax and Budget Accountability is bringing through a new study of tax policy and small business.

“If Illinois were to completely eliminate its state income tax for businesses, that would decrease the national burden by 0.07 percent,” says Ralph Martire, the center’s executive director. “We’re talking nothing.”

Martire says the nine states with no income tax enjoy 6 percent unemployment. The nine highest average 6.1 percent.

He’s pushing for a progressive income tax, which would take a constitutional amendment approved by voters – after the legislature approves, which State Sen. Toi Hutchinson (D-Olympia Fields), joining Martire for a statehouse news conference, calls a “heavy lift” for legislators.

“It’s an election year,” Hutchinson says, “and I’m not naïve. But the truth is: our tax code is old and antiquated and built for an economy that does not exist.”

Recent Headlines

in Local

Ben U Student Airs Concerns Following Private Forum

school test

The questions surrounding Benedictine University's decision to cancel undergraduate programs at its Springfield campus continue.

in Local

Springfield Clinic’s “GIVE75″ Campaign Continues

sojourn

Springfield Clinic is celebrating its 75th birthday but the company is giving the presents instead of receiving

in Local

Bar Assoc. Offers Help Voting for Judges

gavel2

How do you know how to vote for judges? The Illinois State Bar Association has some help.

in Election 2014, Local

Rauners Say Bruce and Quinn Agree on Social Issues

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

Speaking to a coalition of women supporting her husband’s campaign, Diana Rauner said Gov. Pat Quinn has tried to take the focus off jobs and the economy.