Some local business owners say just as the economy was beginning to improve, now Illinois is making things tougher again with its new corporate tax hike.
The state’s new comptroller is incredulous that Illinois lawmakers would impose a whopping increase on taxpayers without passing a single budget cut.
By a single vote, Illinois lawmakers approved a 66 percent increase to the personal income tax, and soon, your paycheck will be shrinking.
A plan to raise income taxes in Illinois has passed its first test in Springfield, winning support of a House committee, sending the measure to the full House for a vote.
It’s been another busy but markedly unproductive day in the Illinois General Assembly, which is aiming to raise our taxes but not there yet.
Gov. Pat Quinn and legislative leaders in Springfield have been meeting repeatedly this week, trying to hammer out an agreement that would raise the state’s income tax in an effort to solve a massive budget deficit.
Democratic state lawmakers are moving closer to a possible vote on an income tax hike during the final days of the current legislative session.