House Speaker Michael Madigan emerged from a Memorial Day caucus meeting and told reporters that he was dropping the idea of making the 5 percent income tax permanent — and crafting a budget blueprint that holds the line on spending but is not the “doomsday” plan the House overwhelmingly rejected on Friday.
Illinois Gov. Pat Quinn tried Monday to persuade House Democrats to extend the state’s temporary income tax increase to avoid what he says would be “savage” budget cuts, but emerged from a roughly three-hour meeting with lawmakers still well short of the votes he needs for approval.
Weeks after it became clear Illinois Democrats were struggling to find the necessary votes for legislation to increase the state’s minimum wage, House Speaker Michael Madigan began advancing the issue by another route, in a move laced with political calculation.
Gov. Pat Quinn is promising not to give up the fight for pension reform, after lawmakers failed to get a bill passed before the deadline of midnight Thursday night.
Illinois House Republicans – and even some House Democrats – want to roll back the state’s corporate income tax increase, but there’s no serious talk of also rolling back the personal income tax hike.