Tag Archives: income tax

Illinois tax increase: why lawmakers passed 66 percent income-tax hike

No other state has successfully raised income taxes to balance its 2011 budget. The Illinois tax increase would push the personal income tax rate from 3 percent to 5 percent. Illinois Gov. Pat Quinn speaks with reporters in his office at the Illinois State Capitol in Springfield, Ill., Wednesday, Jan. …

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Gov. Quinn: Put state income tax hike first

$15B DEFICIT | Cites doubts about gambling package November 8, 2010 BY DAVE McKINNEY Sun-Times Springfield Bureau Chief SPRINGFIELD — A gambling package that could raise $1 billion annually for the state appears “top-heavy” and should take a back seat in the upcoming fall veto session to raising the income …

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