News

Quinn Signs Millionaire Tax Referendum

Quinn Signs Millionaire Tax Referendum

Photo: Newsradio WTAX

Voters will be able to weigh in on a proposed tax on millionaires this November.

Gov. Pat Quinn has signed legislation that will put a non-binding referendum on the ballot, asking whether the state’s constitution should be amended to add an additional 3 percent tax on all income over $1 million. Quinn dismisses the argument that the real goal is to increase Democratic turnout on Election Day.

“Well I’ve been fighting for this particular reform for a long time,” Quinn said. “I think our tax system should be fair and based on ability to pay. That’s a principle as old as the Bible.”

Quinn says if the tax was put into place, it would generate an extra $1 billion annually, which would be distributed to schools based on their student population.

A bill for a similar binding referendum to amend the state’s constitution failed to gain enough support in the legislature.

Recent Headlines

in Local

City Considers Removing Traffic Lights in Dozen-Plus Areas

Fresh
5-4-15 Traffic Light Meeting

A dozen city intersections could have stop signs instead of traffic lights.

in Local

Bond Sale No Longer Necessary for District 186

5-4-15 Springfield School Board

There has been an 11th hour rally of sorts for the finances of the Springfield Public School District.

in Local

Dead Body Found Behind Gables Shopping Center

police_tape

The body of a dead man has been found in a popular Springfield shopping center.

in Local

Group Recommends More Medical Marijuana Treatments

marijuana

If you suffer from anxiety or diabetes, medical marijuana won't be for you.

in Local

New Head of Illinois State Fair, DuQuoin State Fair

state fair logo

There's a new head of both the Illinois State Fair and the DuQuoin State Fair.