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State Lawmakers Closer To Vote On Income Tax Hike

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Illinois State Capitol

Illinois State Capitol buillding in Springfield (AP Photo)

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SPRINGFIELD, Ill. (CBS) – Democratic state lawmakers are moving closer to a possible vote on an income tax hike during the final days of the current legislative session.

As the lame-duck session of the current General Assembly is wrapping up in Springfield, Democratic leaders have been looking at the possibility of passing a tax hike proposal that already has been approved in the Illinois Senate, according to Senate President John Cullerton.

In May 2009 — during the early part of the current legislative session — Senate Democrats approved a proposal that would raise the individual income tax rate in Illinois from 3 percent to 5 percent.

The Illinois House has yet to vote on that measure and House Speaker Michael Madigan has been pushing two proposed constitutional amendments that might help win support for higher taxes.

The first would limit growth in state spending, while the other would make it more difficult to approve costly pension benefits for government employees.

Democrats are also pursuing deals on Medicaid costs, school reform and worker’s compensation.

Together, the measures could be used to argue Democrats are serious about handling tax money more responsibly if an increase is approved.

(TM and © Copyright 2010 CBS Radio Inc. and its relevant subsidiaries. CBS Radio and EYE Logo TM and Copyright 2010 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report.)

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  • http://chicago.cbslocal.com/2011/01/05/state-lawmakers-closing-in-on-income-tax-hike/ State Lawmakers Closing In On Income Tax Hike « CBS Chicago – Breaking News, Sports, Weather, Traffic, and the Best of Chicago

    [...] Gov. Pat Quinn, House Speaker Michael Madigan (D-Chicago), and state Senate President John Cullerton… [...]

  • http://chicago.cbslocal.com/2011/01/05/quinn-lawmakers-still-working-on-tax-hike/ Quinn, Lawmakers Still Working On Tax Hike « CBS Chicago – Breaking News, Sports, Weather, Traffic, and the Best of Chicago

    [...] Gov. Pat Quinn, House Speaker Michael Madigan (D-Chicago), and state Senate President John Cullerton… Lawmakers were not going to vote on any tax plan on Wednesday, but Quinn, Madigan and Cullerton were still talking about a tax hike behind closed doors Wednesday evening. [...]

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