CONNECT WITH WMAY
Sean Hannity Sean Hannity
7:00pm - 10:00pm
The Sean Hannity Show

Contact Me

My Blog

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Google
Custom Search
October 1, 2014, 7:24 pm
970 WMAY News

House Committee Approves Millionaire Surcharge, Rejects Progressive Tax Proposal


An Illinois House committee has approved House Speaker Mike Madigan’s proposal to impose a three-percent tax surcharge on incomes of over $1 million.

 

Republicans opposed the proposal, saying it will penalize success and drive more businesses and business owners out of the state.

 

But Madigan says the plan will generate a billion dollars in year in needed revenue for schools. The measure now goes to the full House.

 

In a separate vote, committee members rejected another constitutional amendment… one which would have moved Illinois from its current flat tax to a progressive system where bigger earners would pay a higher rate.

News Video

On Air Video


Facebook Fans


@WMAYSpringfield
LinkedUpRadio Envisionwise Web Services