Urbana

Session wrap up: move against progressive income tax continues to gain momentum

By Benjamin VanMetre
06/05/2013
Illinois lawmakers want to pass another multibillion dollar tax increase in Illinois in the form of a progressive income tax. That discussion materialized earlier this year when state Rep. Naomi Jakobsson, D-Urbana, proposed an amendment (HJRCA 2) to swap out Illinois’ constitutionally protected flat rate income tax for a progressive tax. The plan is to make permanent...

Laying the groundwork for a true economic turnaround in Illinois

By Benjamin VanMetre
03/01/2013
Illinois lawmakers passed a 67% income tax hike in 2011. They said that the tax hike would be temporary, making a promise to taxpayers that it would sunset on Jan. 1st, 2015. But there have been absolutely no reform efforts to date that would reduce spending enough for lawmakers to keep their promise. And with...

Money grab: Progressive income tax

By Benjamin VanMetre
02/20/2013
Progressive Income Tax: Money grab disguised as tax reform The same forces that helped Quinn land the governorship in 2010 and raise income taxes in 2011 are laying the groundwork for a progressive tax initiative. They want to make the temporary 2011 tax hike permanent and tax certain individuals at ever-higher marginal rates. Proponents of...