News

“Millionaires Tax” Ballot Initiative Heads to Governor

“Millionaires Tax” Ballot Initiative Heads to Governor

Photo: clipart.com

An Illinois Senate committee has advanced a plan that will allow the so-called millionaire’s tax question to be on the November ballot.

The Senate Executive Committee approved a non-binding resolution asking voters if the Illinois Constitution should be amended to add a 3 percent surcharge to annual incomes of more than $1 million. The idea is to generate money for education.

Proponents say the initiative will help build support for the proposal in the Illinois Legislature next year. But Republicans raised concerns about it being a measure to simply drive voter turnout.  An effort for the tax failed earlier in the year.

Recent Headlines

8 hours ago in Local

A Hand Up for Minority Business

local_news_generic

ADME program

9 hours ago in Local

Memorial, St John’s Owed $76M

medical

State budget impasse is to blame

9 hours ago in Local

Opposition Mounts against Dunkin

ken dunkin

Republicans would welcome him

9 hours ago in Local

“Four Tops” Meet This Week

state_capitol_3

Rauner promises, but won't specify, compromises

1 day ago in Local

Chicago Officer Sues Estate of Teen He Shot, Claiming Trauma

wtax 011015

A white Chicago police officer who fatally shot a black 19-year-old college student and accidently killed a neighbor has filed a lawsuit against the teenager's estate, arguing the shooting left him traumatized.