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August 20, 2014, 7:39 am
970 WMAY News

Madigan Pulls Millionaire Surcharge Amendment Proposal


The proposed constitutional amendment that would have allowed the state to impose an income tax surcharge on millionaires is dead.

 

House Speaker Mike Madigan pulled the plug on his own proposal after it became clear he did not have the votes to pass it.

 

Madigan’s spokesman puts the blame for the amendment’s failure on Republicans… saying they chose millionaires over the schoolchildren who would have benefited from the extra revenue.

 

But even some of Madigan’s own Democrats had come out against the speaker’s plan.

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