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

in Local

Member of Jesse White Tumblers Shot

Murdered Chicago teen a member of Jesse White Tumblers.

in Local

Durbin Weighs In on Senate Proposal to Revoke NFL Non-Profit Status

dickdurbin1

Dick Durbin says he's still deciding on the U.S. Senate proposal that would revoke the NFL's non-profit designation.

in Local

Rauner Tells GOP Not to Expect Favors if He is Elected

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.

Republican candidate for Illinois governor Bruce Rauner says he won't offer any patronage jobs to GOP members if he wins.

in Local

Illinois Awards $25.8M in Health Outreach Grants

Health

Most of the same Illinois organizations that helped consumers sign up for insurance in the first year of the Affordable Care Act will receive additional funding for a second year.

in Local

Quinn: No Point in Plan B for Pension Overhaul

pension

Amid signals that Illinois' pension overhaul could be found unconstitutional, Gov. Pat Quinn argued Friday that it makes no sense to develop a contingency plan.