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:

Reform Panel Seeks 25 Percent Drop in Prison Population
One of Six Arrested in Central City Meth Bust Pleads Guilty
Expert: Recent Illinois Tornadoes Have Struck Out of Season
Rauner Signs Into Law Compromise Plan to Fix Budget Hole
Suspects in New Islamic State Case Appear in Chicago Court




Loyal Listener Club

Club Login

Follow Us At

This Site logo