News

Will Lawmakers Blink on Income Tax?

Will Lawmakers Blink on Income Tax?

If Illinois lawmakers want to extend the income tax increase beyond this year, their decision probably will come late.

This is the assessment of State Rep. Ed Sullivan (R-Mundelein): “I don’t know that Speaker Madigan would like to put that out before an election, so this is all being driven by the election. If by some chance his candidate, Gov. Quinn, would lose, I think he (Madigan) would rather put that on the Republicans to figure that out,” he said.

The income tax rate was raised from 3 percent to 5 percent in 2011. It will roll back to 3.75 percent at the end of this year if lawmakers do nothing.

State Rep. Patricia R. Bellock (R-Hinsdale) says lawmakers who want the tax to go down must start working now to adjust the state budget so it can handle the loss of $2 billion in revenue. She suggests Medicaid as the place where the biggest savings can be found.

 

 

Recent Headlines

in Local

Sweet Corn the State Vegetable? Thank Chatham Elementary Students

Fresh
5-22-15 Chatham Elementary School

It may seem like small potatoes to you, given the current state budget crisis and other matters still pending in the General Assembly, but the fact sweet corn is close to being the official state vegetable of Illinois is kind of a big deal to some.

in Local

More Legislative Jousting Ahead

Illinois Speaker of the House Michael Madigan, D-Chicago, talks from the speakers podium in the House chambers Tuesday, May 13, 2014, in Springfield Ill. The Illinois Legislature resumes work toward its end of May deadline.

Criticizes Rauner donations, then calls Radogno's barb "limp"

in Local

Bless This Boat

local_news_generic

It's National Maritime Day !!

in Local

Millionaires’ Tax Falls Short

Illinois Speaker of the House Michael Madigan, D-Chicago, talks from the speakers podium in the House chambers Tuesday, May 13, 2014, in Springfield Ill. The Illinois Legislature resumes work toward its end of May deadline.

3 Democrats join Republicans against

in Local

Butler: Campaign Donation Doesn’t Impact Relationship with Governor

Rep Tim Butler

State Representative Tim Butler got some political campaign cash from Governor Bruce Rauner.