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 Election 2014, Local

November Ballot: Many More Referendums And Constitutional Amendments

ballot

Voters will be answering many more referendums and constitutional amendments on their ballot this November.

in Local

Illinois Hospital Association: “Vigilantly Preparing” For Ebola

Health

The President of the Illinois Hospital Association says they're working closely with Public Health to prepare for Ebola.

in Election 2014, Local

Chicago Sun-Times endorses Bruce Rauner

Chicago Sun Times

The Chicago Sun-Times has endorsed Republican Gubernatorial Candidate Bruce Rauner over Incumbent Pat Quinn.

in Local

Secretary Of State: Graduated Driver’s License Drops Teen Driving Deaths

jesse_white

Secretary of State Jesse White says implementation of the "Graduated Driver's License" has reduced teen deaths.

in Local

Bill Clinton Expected to Stump in Illinois Next Week

Clinton Quinn

Quinn says event will be in Chicago.