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Millionaire Tax

Watch: A Two-Minute Lowdown of Madigan's Budget Stalemate Position

Matthew Dietrich | Posted 06.24.2016 | Chicago
Matthew Dietrich

House Speaker Michael Madigan says there is one simple reason why the state is in this predicament: Gov. Bruce Rauner won't work with Democrats to close a $3 billion budget gap (Rauner says it's $4 billion) in the budget sent to Rauner by the House and Senate.

How Many Millionaires Are There in Illinois?

Reboot Illinois | Posted 04.25.2015 | Chicago
Reboot Illinois

After Gov. Bruce Rauner's Feb. 18 budget address that called for steep cuts to spending in order to recover the state's financial stability, House Speak Michael Madigan revived talk of a "millionaire tax" in Illinois.

Are These Really the '10 Best Cities' in Illinois?

Matthew Dietrich | Posted 06.11.2014 | Chicago
Matthew Dietrich

It's not scientific in any way, and rankings were determined by a real estate blog, but it still presents an interesting discussion point. What are the 10 best cities in Illinois?

Suburban CEO: Madigan's Millionaire Tax a 'Death Knell'

Matthew Dietrich | Posted 05.24.2014 | Chicago
Matthew Dietrich

Perhaps the most pressing question in all of this is if this proposal eventually becomes law, would we have to update our "12 ways to know your from Illinois" list to include a line about the millionaire's tax?

Michael McAuliff

Dems Run Against Millionaires In Red States | Michael McAuliff | Posted 07.05.2012 | Politics

WASHINGTON -- Hundreds and even thousands of miles from Wall Street, Democratic candidates in a string of red states have embraced the Occupy message ...

In Not-So-Shocking News, Republicans Want To Give The Rich A Tax Break

The Huffington Post | Alexander Eichler | Posted 06.20.2012 | Business

We don't want to turn your hair white with shock first thing in the morning, but it appears Republican lawmakers are pushing a tax plan that could mak...

Jennifer Bendery

Harry Reid To Force 'Buffett Rule' Vote When Senate Returns From Break, Aide Says | Jennifer Bendery | Posted 03.29.2012 | Politics

WASHINGTON -- Senate Majority Leader Harry Reid (D-Nev.) will force a first-ever vote on the "Buffett Rule" when the Senate comes back from its two-we...

Will The Rich Really Move If You Raise Their Taxes?

The Huffington Post | Bonnie Kavoussi | Posted 03.25.2012 | Business

Maybe states need not rush quite so fast in the ever-famous race to the bottom. Being forced to pay higher state taxes doesn't appear enough of an...

Jennifer Bendery

Senate Democrats To Push 'Buffett Rule' Bill This Week | Jennifer Bendery | Posted 07.29.2013 | Politics

WASHINGTON -- Sen. Sheldon Whitehouse (D-R.I.) announced Monday that he will unveil "Buffett Rule" legislation this week. President Barack Obama high...

Buffett: Raising Taxes 'Will Not Change My Behavior'

Reuters | Posted 03.27.2012 | Business

By JoAnne Allen WASHINGTON, Jan 25 (Reuters) - Increasing taxes on the wealthy would bring fairness to U.S. taxpayers across the board...

The Wall Street Journal Missed the Forest for the Trees on the Millionaires Tax of 2012

Rick Jacobs | Posted 03.10.2012 | Politics
Rick Jacobs

I hope Mr. Arends will step back and look at what the Millionaires Tax of 2012 is all about, not just try to defend a tax code that helps the uber rich while punishing the very middle class he says he advises.

Jennifer Bendery

Dem Aide: We Have 'Always Been Flexible' On Millionaire's Tax | Jennifer Bendery | Posted 03.02.2012 | Politics

WASHINGTON -- After months of arguing that millionaires should have to pay their fair share for the costs of the president’s job bill, Democrats are...

A Silver Lining in New York's Tax Hike

Carol Kellermann | Posted 02.07.2012 | New York
Carol Kellermann

If a temporary personal income tax hike is the price we pay for long-term reforms that enhance infrastructure, encourage job growth, and make the tax system more equitable, then it is a price worth paying.

How to Avoid Being a Principled Republican on Taxes

Robert Reich | Posted 02.04.2012 | Politics
Robert Reich

For years, the GOP has been telling us tax cuts pay for themselves by promoting growth. If they believe what they say, why should they worry about paying for a one-year extension of the payroll tax holiday? Surely it will pay for itself.

Class Warfare?

Bruce Ackerman | Posted 11.27.2011 | Politics
Bruce Ackerman

President Obama's "millionaire tax" has generated two sound-bite replies. Not only is he engaging in "class warfare," but he is indulging in sheer political posturing -- there simply isn't a lot of money to be raised by targeting the super-rich. Both charges are mistaken.

Governor Cuomo Supports Obama's Millionaire Tax

Posted 11.20.2011 | New York

By MICHAEL GORMLEY, Associated Press ALBANY, N.Y. — New York Gov. Andrew Cuomo on Monday supported President Barack Obama's proposal to tax mill...

Sam Stein

Chuck Schumer Calls For Vote On Buffett Rule | Sam Stein | Posted 11.19.2011 | Politics

WASHINGTON -- President Barack Obama's decision to endorse the tax reform principle that millionaires should pay more than the middle class is a begru...

Sam Stein

White House Looks Ready To Hit GOP Over Millionaire Tax | Sam Stein | Posted 11.18.2011 | Politics

WASHINGTON -- In certain corners of the progressive political universe, there has been ongoing frustration with the Obama White House for attacking th...

LISTEN: Congresswoman Says 'You Don't Deserve To Keep All' Of Your Money

Posted 11.15.2011 | Chicago

Congresswoman Jan Schakowsky (D-Ill.) has drawn the ire of a number of conservative bloggers after comments she made about taxes on WLS Chicago's Don ...

The Human Price of Our Budget

Jumaane D. Williams | Posted 09.25.2011 | New York
Jumaane D. Williams

Summertime in Brooklyn should be a carefree time, a time for rest and relaxation with family and friends. Tragically, it has become a season of bloodshed for too many of our young people.

New York Millionaires Offer To Pay Extra Taxes For Budget Woes

| Julie Shapiro | Posted 05.25.2011 | New York

MANHATTAN -- Millionaires across New York State are banding together to ask for more taxes. About 100 wealthy New Yorkers, including actor Mark Ruf...