Not only would a progressive income tax hike end up taking more money directly from all taxpayers’ pockets, but it would also have negative economic effects on jobs growth, after-tax income adjusted for cost of living, and overall economic output.View Report
The car-sharing victory is real business friendliness. And that means Illinoisans – whether or not they ever rent their car through an app – have cause for a little celebration.
Lawmakers, including 37 lame duck legislators, on Nov. 13 convened in Springfield for a veto session likely to feature political pensions and unfunded mandates.
A bill that would have mandated cursive writing instruction in public elementary schools contained an unknown cost for school districts.
House Bill 2622 would create a state-run workers’ compensation insurance company, while failing to address the real problems with Illinois’ workers’ compensation system – the most expensive in the region.
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.
All Illinois school districts would receive more state money than last year.
The governor can exercise the veto power in four different ways: a total veto, an amendatory veto, an item veto and a reduction veto.
Gov. Bruce Rauner’s amendatory veto strips a Chicago bailout from Senate Bill 1, among other changes.
Though the Illinois House of Representatives appears close to overriding Gov. Bruce Rauner’s veto of a tax hike budget plan, and thereby ending Illinois’ more than two years without a full-year budget, Moody’s Investors Service has said it might still downgrade the state’s credit, largely due to Illinois’ unsustainable debt.
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.