In January 2011, Illinois politicians pushed through a record income tax increase that raised the income tax rate on individuals to 5 percent from 3 percent, and on corporations to 7 percent from 4.8 percent. After passing the record tax hike, Gov. Quinn went on record saying: “We have some temporary tax increases [falsehood number...

House Speaker Mike Madigan has proposed an extra tax on million-dollar incomes. His proposed legislation, HJRCA51, would amend the Illinois Constitution to impose an additional tax of 3 percent on income over $1 million. This tax won’t touch any millionaires who don’t want to pay it. They’ll simply leave, and they are well-equipped to do so. The middle...

Illinois House Speaker Michael Madigan is calling for another big tax hike – one that conveniently funnels hundreds of millions of dollars each year to his home district of Chicago. He and his legislative colleagues will have collected more than $31 billion in new tax revenues by the time the temporary tax hike sunsets in...

Myth #1: “The ‘fair tax’ will only affect the rich.”   Don’t be fooled. The ‘fair tax’ is being sold as a tax on the rich. But under the proposal from state Rep Naomi Jakobsson, D-Urbana, the lawmaker who is sponsoring the bill to put a so-called “fair tax,” or progressive tax, amendment on the...