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“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.

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