Illinois House and Senate pass 67% income tax increase (user search)
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  Illinois House and Senate pass 67% income tax increase (search mode)
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Author Topic: Illinois House and Senate pass 67% income tax increase  (Read 2273 times)
Franzl
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« on: January 12, 2011, 06:34:45 AM »

http://newsblogs.chicagotribune.com/clout_st/2011/01/quinn-congratulates-democrats-on-income-tax-increase.html

A triumphant Gov. Pat Quinn congratulated fellow Democrats early today after the Illinois Senate and House sent him a major income tax increase without a single Republican vote in favor.

Quinn smiled and shook hands on the floor of the Senate around 1:30 a.m. after the Senate voted 30-29 for the bill, which would raise the personal income tax-rate by 67 percent and the business income tax rate by 46 percent.

The House passed the bill hours earlier Tuesday night -- likewise without a vote to spare and with nary a Republican in support.

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Franzl
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« Reply #1 on: January 12, 2011, 09:25:55 AM »

I don't like it, but I fear Illinois solvency was at stake here. I tend to support at least the income tax increase.

The corporate rate is more problematic.
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Franzl
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« Reply #2 on: January 15, 2011, 07:50:08 PM »

Signed by Quinn, BTW.....not a surprise, of course.
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