Moody’s Investors Service said simply passing a budget won’t be enough to avoid junk because it doesn’t address Illinois’ many crises.

The Illinois House of Representatives has lacked a quorum for two straight days, rendering it unable to vote to override Gov. Bruce Rauner’s veto of the tax hike and budget plan passed by the General Assembly. The Illinois Senate passed the budget plan and tax hike and overrode the governor’s veto on July 4.

The House will need 71 “yes” votes to override Gov. Bruce Rauner’s veto of a permanent 32 percent income tax hike. The July 2 vote to pass the tax hike received 72 yeas.

The Land of Lincoln needs to end the phony math and restructure its debts and pensions. But legislative incompetence will keep the state in a death spiral.

Use our tax hike calculator to find out how much the permanent 32% income tax rate hike will cost you.

More than a dozen Republicans joined House Democrats in passing a budget that includes a massive tax hike and no structural spending reforms. Gov. Bruce Rauner said he would veto the plan.

House Floor Amendment No. 2 to Senate Bill 9 would permanently increase the individual income tax rate to 4.95 percent and the corporate income tax rate to 7 percent, but would not expand the state sales tax to services.

House Minority Leader Jim Durkin said he’s putting GOP votes on the spending plan that relies on more than $5 billion in new taxes.

Nine days of special session have cost Illinois taxpayers an additional $450,000 for just over two hours of work.

Much like other plans in the General Assembly before it, the House Democrats’ budget plan does nothing to structurally reform state government and bring down costs, but instead increases the burden on Illinois taxpayers.