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

Jacksonville Police Have “Person of Interest” in Shooting, No One in Custody

gun

Jacksonville Police say they have someone they want to interview in a shooting death from Friday morning.

in Local

Next Generation of Business Leaders Learn From an Internet Pro

computer

Dozens of area high school students spent their morning with a top executive in the social media world

in Election 2014, Local

Senate Candidates Spar Over Treatment of Veterans

durbin oberweis

Oberweis OK with veterans having an option to VA facilities

in Local

Not a Typical Morning for Some State Workers

fire

Woman saved from fire by state employees

in Local

Jacksonville Shooting Leaves One Dead

policetape

Jacksonville man is dead after a shooting near the Jacksonville School District Office