Tag Archives: Tax increase

Massive Tax Bill Rejected by Governor Rauner; Back to the House

Posted on July 5, 2017 by David E Smith
Yesterday, the Illinois Senate took up the misguided proposal to massively increase the income taxes of citizens and corporations in Illinois. It is ironic that the General Assembly voted to impose oppressive government taxes on Illinoisans during Independence Day weekend.
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Illinois House Approves Massive Income Tax Increase

Posted on July 3, 2017 by David E Smith
Late Sunday afternoon (July 2nd), the Illinois House passed a massive tax hike for families and businesses. What does that mean for taxpayers? Well, if this proposal isn't vetoed by Gov. Bruce Rauner, the personal income tax rate would increase by 32 percent, surging from 3.75 percent to 4.95 percent, and the corporate rate would jump from 5.25 percent to 7 percent. This would enable and fund business as usual. ("Enable" is the key word here...)
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Tax Increases, More Spending and ‘A Disaster’ of a Budget for Illinois

Posted on July 1, 2017 by David E Smith
State government summer re-run season is underway at the Illinois capitol building where both political parties are cooperating to send our state further into the fiscal abyss. Midnight came and went as we closed out the month of June without a budget being signed into law, so Illinois has begun its third straight year without one.
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