Moody's Analytics

Mark Zandi and CTBA trying to pull Keynesian rabbit out of hat

By Lawrence McQuillan
05/09/2012
The Center for Tax and Budget Accountability (CTBA) wants taxes raised on hard-working Illinoisans by at least $2.4 billion annually through a progressive personal income tax, which taxes individual income at ever-higher marginal tax rates. Currently, Illinois has a flat 5 percent income tax. In a recent report, the CTBA argues for this tax hike by...