The Republican plan hits Illinoisans in fiscal year 2018 with the same $5 billion-plus tax hike from the “grand bargain” plan that failed in May. That plan starts with a 33 percent income tax increase, and includes questionable new taxes on services such as Netflix, laundry services and more.
The Illinois House Labor and Commerce Committee has passed a bill to prohibit municipalities in Illinois from enacting local Right-to-Work measures. The bill now heads to the full House of Representatives for a hearing.
Luxembourg’s ambassador to the United States has voiced objections to an Illinois House bill that would label Luxembourg a tax haven and subject corporations expatriated there to restrictions on investments and business dealings with the state of Illinois.
Proposed legislation to commemorate former President Barack Obama’s birthday as a state holiday in Illinois would have cost taxpayers nearly $20 million in state personnel expenses and lost productivity.
Despite Illinois’ billions in deficit spending and skyrocketing debt, the Illinois House of Representatives passed House Bill 278, which would transfer an additional $300 million per year of state income tax funds to local governments, continuing to prop up local overspending that fuels high property taxes.
Buried in the House rules lawmakers passed in January are a dozen new committees, bringing the total number of standing committees in the House to 45. Committee chairs receive a $10,326 stipend annually.
Chicago’s $1.15 billion projected budget gap is the latest in a decades-long string of structural deficits. Making Chicago’s high taxes worse is not the solution.