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:

Democratic Treasurer Candidate Visits Salem
Rail Workers Hold Informational Picket
Candidates In Their Own Words: Martin Siemer
Candidates In Their Own Words: Ericka Sanders
Local Cops Shoot Hoops Against Students




This Site logo