States with a progressive income tax see greater income inequality, and have seen income inequality rise faster than states without a progressive income tax.View Report
Following their colleagues in the House, 19 members of the Illinois Senate have signed on to a resolution opposing a progressive tax in Illinois.
All Senate Democrats and one Republican voted to override Gov. Bruce Rauner and pass Senate Bill 1 in its original form, including a bailout for Chicago Public Schools.
The Illinois General Assembly passed a budget, including the largest permanent tax hike in state history, without structural spending reforms. Gov. Bruce Rauner vetoed the plan on Independence Day, and the Senate voted to override the governor’s veto. The package now heads to the House for an override vote.
The Illinois Senate on July 4 approved the House’s budget plan, which Gov. Bruce Rauner has said he will veto.
The longtime lawmaker from Lemont, Illinois, will step down in the wake of the Senate’s failed “grand bargain.”
Like the “grand bargain,” the Brady plan and the Illinois Senate Democrats’ budget before it, the Illinois House Democrats’ plan relies on more than $5 billion in new tax revenues because it includes no significant structural spending reforms.
Each Illinois household would pay an additional $1,125 in taxes each year, on average, under the Senate's tax-hike plan.
A bill that would apply term limits to legislative leaders in the Illinois House and Senate cleared a major hurdle May 19, and is scheduled for a second reading May 22.
The odds Illinois continues without a budget until 2018 increase sharply if nothing passes before the end of May
Illinois Senate President John Cullerton’s pension bill could be unconstitutional, is unfair to workers and based on unproven math, and perpetuates Illinois’ broken pension system.