Illinois Income Tax Increase

Sears Leaving Illinois? Company In Talks With Two Other Locations

AP | DAVID MERCER | Posted 12.06.2011

Read More: Illinois Taxes, Cme Illinois, Sears, Pat Quinn, Illinois Income Tax Increase, Sears Holdings Corp, Illinois Business, Ford Illinois, Sears Illinois, Illinois Tax Increase, Sears Leaving Illinois, Illinois Business Climate, Chicago News

CHAMPAIGN, Ill. — Sears Holding Corp. said Wednesday that it is talking with two prospective destinations for its headquarters even as it talks ...

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CEO: 'Caterpillar Is Here To Stay'

AP | By ZACHARY COLMAN | Posted 06.06.2011

Read More: Pat Quinn, Illinois Income Tax Increase, Chicago, Doug Oberhelman, Illinois Tax Increase, Illinois, Caterpillar, Caterpillar Tax Increase, Caterpillar Illinois, Chicago News

EAST PEORIA, Ill. -- Illinois is facing growing concerns among business leaders that its policies hurt the companies that drive its economy, the head ...

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Despite Crowing, Illinois Income Tax Still Relatively Low

The Huffington Post | Will Guzzardi | Posted 05.25.2011

Read More: Income Tax, Pat Quinn, Scott Walker, Illinois Income Tax Increase, State Income Tax, Chicago, Table, Illinois Income Tax, State Income Tax Rates, Illinois, Mitch Daniels, Chicago News

Since Illinois lawmakers passed a two-point income tax increase -- raising rates from three to five percent to address the state's dire budget crisis ...

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Illinois General Assembly Approves Major Revenue Package, Averting Draconian Budget Cuts

Dan Lesser | Posted 05.25.2011

Read More: Illinois Tax Revenues, Illinois Auditor-General, Illinois Income Tax Increase, Illinois General Assembly, Chicago News
Dan Lesser

The members of the General Assembly who voted in favor of the revenue package, and its leadership, must be lauded for their courage in doing the only responsible thing.

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Cash-Strapped State Passes 66% Income Tax Hike

AP | DEANNA BELLANDI | Posted 05.25.2011

Read More: Illinois, Illinois Income Tax, Illinois Income Tax Increase, Illinois Tax Hike, Taxes, Income Tax, State Income Tax, Chicago News

SPRINGFIELD, Ill. — Illinois Gov. Pat Quinn defended a massive increase in state income taxes passed by lawmakers Wednesday and promised to quic...

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Income Tax Hike Suddenly Looks Doomed

Posted 05.25.2011

Read More: Illinois Income Tax Hike, Illinois Income Tax, Pat Quinn Tax Increase, Illinois, Income Tax Hike, Illinois Income Tax Increase, Chicago, Chicago News

For a moment Friday, it seemed as if it might actually happen. Governor Quinn, Speaker Madigan and Senate President Cullerton had reached an agreement...

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Democratic Leaders Strike Deal On Income Tax Hike

Posted 05.25.2011

Read More: Illinois Income Tax Hike, Illinois Income Tax, Pat Quinn Tax Increase, Illinois, Pat Quinn, Income Tax Hike, Illinois Income Tax Increase, Income Tax Increase, Chicago, Chicago News

Leaders in Springfield appear poised to push for a temporary income tax increase of 2.25 percentage points, in order to help offset the state's massiv...

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Is There A 'Mandate' For An Income Tax Increase?

Posted 05.25.2011

Read More: Pat Quinn Tax Increase, Income Tax, Pat Quinn, Poll, Illinois Income Tax Increase, Chicago, Illinois, Governor Pat Quinn, Chicago News

There seems to be some confusion in Springfield about the meaning of the word "mandate." Governor Pat Quinn proposed in March to raise the Illinois i...

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Incredible That It's Business -- And Politics -- As Usual

R. Eden Martin | Posted 05.25.2011

Read More: Illinois Budget, Budget Deficit, Illinois, Springfield-Illinois, Pat Quinn, Illinois Income Tax Increase, Chicago News
R. Eden Martin

Without reforms and cuts, taxes will eventually go up a lot more than Quinn's budget director is signaling. Investments and jobs will leave the state.

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For Teachers Unions, Focus Should Be Brady

Paras Bhayani | Posted 05.25.2011

Read More: Illinois Federation of Teachers, Pat Quinn, Illinois Income Tax Increase, Bill Brady, Illinois Education, Chicago Teachers Union, Illinois Education Association, Jim Edgar, Illinois Pensions, Dan Hynes, Chicago News
Paras Bhayani

When it comes to education, Illinois voters have a stark choice this November: a Democrat who would fund the schools versus a Republican who would gut them.

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Vacation Time in Springfield?

Matt Farmer | Posted 05.25.2011

Read More: Illinois General Assembly, Illinois Budget, Lou Lang, Illinois Budget Crisis, Mike Madigan, Illinois Income Tax Increase, Springfield-Illinois, Chicago News
Matt Farmer

The real fixes for our state's budget crisis -- fixes that will likely include both an income tax hike and some deep spending cuts -- are being put off, for reasons purely political, until after Election Day.

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The Illinois Budget: An Embarrassing and Sad Spectacle

John Bouman | Posted 05.25.2011

Read More: Illinois General Assembly, Illinois Budget, Illinois Budget Crisis, Pat Quinn, Illinois Election 2010, Illinois Income Tax Increase, Chicago News
John Bouman

Most of the cuts in the Illinois budget are harmful and unwise. They are not driven by policy considerations or evidence-based program evaluations, but by the brutal calculus of the state's fiscal default.

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15,000 Rally to Demand a Responsible State Budget

Dan Lesser | Posted 05.25.2011

Read More: Illinois Budget, Illinois Budget Deficit, Illinois Budget Cuts, Springfield-Illinois, Civic Federation, Illinois Income Tax Increase, Illinois Social Services, Chicago News
Dan Lesser

Reasonable minds do not disagree: a substantial increase in the state's revenues is an indispensable piece of the fiscal puzzle if our state is to avoid financial collapse.

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Gov. Quinn Would Spare Cities From Budget Cuts If Mayors Support Tax Increase: Report

Posted 05.25.2011

Read More: Pat Quinn, Illinois Income Tax Increase, Chicago, Illinois, Illinois Budget Crisis, Pat Quinn Tax Increase, Pat Quinn Tax Hike, Gov. Pat Quinn, Chicago News

A new report suggests that Governor Pat Quinn is hoping to buy support from Illinois' mayors for his proposed income tax increase. The Chicago Sun-Ti...

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Chicago Public Schools Dodges A Budget Bullet -- For Now

Paras Bhayani | Posted 05.25.2011

Read More: Illinois General Assembly, Illinois Budget, Illinois Education, State of Illinois, Chicago Public Schools, Chicago Budget, Illinois Pensions, Midway Airport Privatization, Illinois Income Tax Increase, Mayor Daley, Chicago News
Paras Bhayani

By shortchanging teacher pensions, is Chicago Public Schools simply creating a bigger mess down the road?

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Dan Hynes' Tax Plan Would Shield Illinois Legislature, Governor From Tax Hike and Other Campaign News

David Ormsby | Posted 05.25.2011

Read More: Illinois Income Tax Increase, Bridget Gainer, Debbie Halvorson, United Republican Fund, Chicago News, Pat Quinn, CTA Fare Hike, Robin Kelly, Terry Peterson, Illinois Politics, Michelle Malkin, Richard Daley, Cta, Dan Hynes, Todd Connor, Julie Hamos, David Hoffman, 2010 Illinois Democratic Primary, Sara Feigenholtz, Jeff Smith, Chicago News
David Ormsby

If Hynes ultimately were to become governor and enact his plan, the entire Illinois governing class would be exempt from an Illinois income tax increase. Oops.

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Quinn Tabling Income Tax Hike Push Until Next Year

Chicago Tribune | Monique Garcia | Posted 05.25.2011

Read More: Illinois Income Tax, Pat Quinn Tax Increase, Pat Quinn, Illinois Income Tax Increase, Chicago News

Gov. Pat Quinn today suggested he'll wait until after Jan. 1 to push state lawmakers to approve an income tax increase, saying it would be easier to g...

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Quinn Shelving Tax Increase Push Until Fall

AP | Posted 05.25.2011

Read More: Pat Quinn Tax Increase, Illinois Budget Deficit, Pat Quinn, Illinois Income Tax Increase, Pat Quinn Budget, Illinois Budget, Chicago News

SPRINGFIELD, Ill. (AP) -- Illinois Gov. Pat Quinn is putting aside his call for an income tax increase until November. In an interview Friday with Th...

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Quinn Cutting Out Madigan, Taking Tax Hike Push Directly To Lawmakers

Chicago Sun-Times | Tim Novak | Posted 05.25.2011

Read More: Illinois Budget, Pat Quinn Tax Increase, Pat Quinn, Michael Madigan, Illinois Income Tax Increase, Pat Quinn Budget, James Meeks, Quinn Madigan, Chicago News

Gov. Quinn is bypassing House Speaker Michael Madigan and other legislative leaders and appealing directly to lawmakers in hopes of getting his propos...

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Quinn Vows To Veto 'Half Baked' Budget That Cuts Services, Doesn't Raise Taxes

AP/Huffington Post | Posted 05.25.2011

Read More: Illinois Temporary Budget, Video, Pat Quinn, Illinois Budget Cuts, Illinois Income Tax Increase, Pat Quinn Budget, Illinois General Assembly, Illinois Budget, John Cullerton, Christine Radogno, Chicago News

UPDATE 7/1 Gov. Quinn's office has announced he will "take veto action." A press conference is scheduled for 1:30 p.m. in Springfield. Check back fo...

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Now is the Time for Quinn to Lead

Rep. Jack Franks | Posted 05.25.2011

Read More: Illinois Budget, Illinois Budget Deficit, Pat Quinn, Illinois Income Tax Increase, Pat Quinn Budget, Chicago News
Rep. Jack Franks

Illinois finds itself on the brink of a man-made disaster and the same managers who drove our state into this fiscal catastrophe continue to control the levers of power. Bullying the legislature into huge tax increases will not work. Governor, stop obfuscating, get prepared and lead.

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Quinn: Budget Cuts Could Mean 2,200 State Layoffs

AP | DEANNA BELLANDI | Posted 05.25.2011

Read More: Illinois Budget, Illinois Budget Cuts, Pat Quinn, Illinois Income Tax Increase, Pat Quinn Budget, Chicago News

CHICAGO (AP) -- Gov. Pat Quinn announced Thursday that 2,200 state employees could lose their jobs as he attempts to cut an additional $1 billion in s...

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Democratic Senator Meeks On Budget Mess: 'This Is A Failure Of The Democratic Party'

SouthtownStar | Phil Kadner | Posted 05.25.2011

Read More: Illinois Budget Deficit, Illinois Budget Cuts, Illinois Income Tax Increase, James Meeks, Illinois General Assembly, Chicago News

Democrats don't deserve to be re-elected in Illinois. No politician should serve more than eight years in office. It's time to let the entire state go...

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Lawmakers Call It A Week In Springfield As Budget, Income Tax Hike Still Unresolved

AP | CHRISTOPHER WILLS | Posted 05.25.2011

Read More: Illinois Budget Cuts, Pat Quinn, Illinois Income Tax Increase, Pat Quinn Budget, Illinois General Assembly, Illinois Special Session, Illinois Tax Hike, Christine Radogno, Chicago News

SPRINGFIELD, Ill. (AP) -- Illinois legislators adjourned Wednesday without taking action on the budget, as Gov. Pat Quinn backed away from threats to ...

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Threat Of Budget Cuts Draws Thousands To Springfield, But No Progress On Tax Hike Talks

AP/Huffington Post | Posted 05.25.2011

Read More: Illinois Budget, Pat Quinn Budget, Illinois Budget Deficit, Illinois Capitol Protests, Springfield Protests, Special Session, Statehouse Rally, Video, Dan Hynes, Campaign for Illinois Future, Illinois Income Tax Increase, Michael Madigan, Illinois General Assembly, Chicago News

SPRINGFIELD (AP) -- Illinois lawmakers returned to the Capitol on Tuesday searching for some way to fill a $9.2 billion hole in the state budget. The...

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