Democrats' Tax Change Proposal Sets Stage for 2014 Battle
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:7 Arrested in 3 Search Warrants Executed in Mt. Vernon Drug Cases
Police Beat for Thursday, June 30th, 2016
Illinois House Approves First Piece of Stopgap State Budget Deal
Education Leaders Rally for Equity Now in K-12 Budget
SSM Health St. Mary's Hospital receives 2016 QUEST® Award for High-value Healthcare