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

18 hours ago in Local

UIS Breaks Ground on Student Union

5-4-16 UIS Groundbreaking

Ground has been broken on what is being referred to as the "Living Room" for the students of the University of Illinois Springfield.

18 hours ago in Local

Aeropostale to Close Springfield, Forsyth Stores

aeropostale

Aeropostale files for Chapter 11.

18 hours ago in Local

Social Service Groups Sue Governor for $100M Past Due

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.

Five dozen social service agencies working without pay for nearly a year because of the Illinois state budget stalemate are suing Gov. Bruce Rauner.

18 hours ago in Local

Trial Set for 2 of 6 Men Accused of Dismembering Woman’s Body

Champaign Police Murder Arrests WAND

Two of the six men charged with dismembering a missing Champaign woman will be held for trial after a judge heard testimony from a detective.

19 hours ago in Local

Death Knell for Graduated Income Tax

tax

Sponsors blame Rauner