Illinois House Speaker Michael Madigan says he plans to call a vote on making the state’s tax increase permanent.
Madigan is chairman of the state Democratic party and has served as speaker for nearly 30 years. He made the comments during an interview with Illinois Public Television following Gov. Pat Quinn’s budget address in Springfield on Wednesday.
Quinn is calling for making the state’s temporary income tax increase permanent and giving homeowners a $500 property tax refund.
The pending rollback of the tax increase in January is expected to cause a $1.6 billion loss in revenue.
Madigan supports Quinn’s plan and commended the governor for his “political courage” in asking for the extended tax increase.
He says the Legislature will “resolve” the issue this spring.
Meanwhile, the Republican nominee for governor says Pat Quinn is “doubling down on his failed policies.”
Bruce Rauner did not come to Springfield for Wednesday’s budget speech. He issued a statement afterward that criticized the Democrat’s call for extending the temporary income tax increase set to expire in 2015. Quinn also called for property-tax relief.
Rauner says Quinn first promised not to raise taxes, then said the 67 percent income tax increase adopted in 2011 would be temporary.
Rauner says that after five years with Quinn as governor, the state still has a record tax hike, high unemployment and education cuts. He says as governor he will balance the budget without tax increases by creating a “growth economy” and repairing “our broken government.”