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Illinois Income Tax Increase

What's in Illinois' income tax future?

Matthew Dietrich | Posted 09.22.2013 | Chicago
Matthew Dietrich

TAX TALK Illinois lawmakers face some tough choices about our state income tax. In 2011, they raised the income tax from 3 to 5 percent for four years...

Lawmaker: Make Income Tax Hike Permanent As Part Of Pension Fix

Reuters | Posted 04.23.2013 | Chicago

By Joanne von Alroth SPRINGFIELD, Ill., Feb 20 (Reuters) - An Illinois lawmaker proposed on Wednesday making a personal income tax inc...

Sears Leaving Illinois? Company In Talks With Two Other Locations

AP | DAVID MERCER | Posted 12.06.2011 | Chicago

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

CEO: 'Caterpillar Is Here To Stay'

AP | By ZACHARY COLMAN | Posted 06.06.2011 | Chicago

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

Despite Crowing, Illinois Income Tax Still Relatively Low

The Huffington Post | Will Guzzardi | Posted 05.25.2011 | Chicago

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 ...

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

Dan Lesser | Posted 05.25.2011 | Chicago
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.

Cash-Strapped State Passes 66% Income Tax Hike

AP | DEANNA BELLANDI | Posted 05.25.2011 | Chicago

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

Income Tax Hike Suddenly Looks Doomed

Posted 05.25.2011 | Chicago

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

Democratic Leaders Strike Deal On Income Tax Hike

Posted 05.25.2011 | Chicago

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...

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

Posted 05.25.2011 | Chicago

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...

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

R. Eden Martin | Posted 05.25.2011 | Chicago
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.

For Teachers Unions, Focus Should Be Brady

Paras Bhayani | Posted 05.25.2011 | Chicago
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.

Vacation Time in Springfield?

Matt Farmer | Posted 05.25.2011 | Chicago
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.

The Illinois Budget: An Embarrassing and Sad Spectacle

John Bouman | Posted 05.25.2011 | Chicago
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.

15,000 Rally to Demand a Responsible State Budget

Dan Lesser | Posted 05.25.2011 | Chicago
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.

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

Posted 05.25.2011 | Chicago

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...

Chicago Public Schools Dodges A Budget Bullet -- For Now

Paras Bhayani | Posted 05.25.2011 | Chicago
Paras Bhayani

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

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

David Ormsby | Posted 05.25.2011 | Chicago
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.

Quinn Tabling Income Tax Hike Push Until Next Year

Chicago Tribune | Monique Garcia | Posted 05.25.2011 | Chicago

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...

Quinn Shelving Tax Increase Push Until Fall

AP | Posted 05.25.2011 | Chicago

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...

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

Chicago Sun-Times | Tim Novak | Posted 05.25.2011 | Chicago

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

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

AP/Huffington Post | Posted 05.25.2011 | Chicago

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...

Now is the Time for Quinn to Lead

Rep. Jack Franks | Posted 05.25.2011 | Chicago
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.

Quinn: Budget Cuts Could Mean 2,200 State Layoffs

AP | DEANNA BELLANDI | Posted 05.25.2011 | Chicago

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...

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

AP | CHRISTOPHER WILLS | Posted 05.25.2011 | Chicago

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