The Illinois Senate’s proposed budget plan would raise the personal income tax rate to at least 4.95 percent with no real reforms to address the state’s skyrocketing debt and unsustainable spending. This proposal comes despite Illinois’ loss of $14 billion in annual income and hundreds of thousands of people in the wake of the 2011 income tax hike.
Real reform to help overtaxed Illinoisans – such as a property-tax cap and aggressive government consolidation – would be the gift that keeps giving the whole year round.