WJBD Radio

Images

Now Playing

Local News

WJBD - Local News - Democrats' Tax Change Proposal Sets Stage for 2014 Battle

Democrats' Tax Change Proposal Sets Stage for 2014 Battle

CHICAGO (AP) - Influential Democrats in Springfield are pushing for a change to Illinois' income tax that could become a contentious issue in next year's elections. 

The proposal is for Illinois to adopt a graduated or "progressive" tax, instead of extending a temporary increase in the current flat tax or letting that increase expire.  Under a graduated tax, higher earners pay a larger percentage of their income than middle and lower-class taxpayers.  

Democrats say it's fairer and that a majority of Illinoisans would get a tax cut. But Republicans say it's a tax hike in disguise that will drive out jobs.  Illinois' Constitution currently requires a flat income tax. Changing it would require a three-fifths vote in the Legislature and approval by voters. 

Supporters hope it will be on the November 2014 ballot.

See other LocalNews news:

Advocates Fear Chaos After Rauner Home Health Care Ruling
Report: Laws Holding Back Juveniles with Criminal Records
Judge: Man Suing Hastert Can Remain Anonymous for Now
Large Crowd Packs Second Salvation Army Chicken Giveaway
Salem Township Hospital To Make Changes to Try and Increase Number of Inpatients




This Site logo