| Home Page : Archive News : May 2014 News : Democrats push state budget assuming 5% income tax rate | |
Democrats push state budget assuming 5% income tax rate | |
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May 15, 2014 "ILLINOIS HOUSE SPEAKER MICHAEL MADIGAN SAID HE'LL ASK LAWMAKERS TO VOTE FOR A SPENDING PLAN THAT INCLUDES MONEY FROM RENEWING A 2011 INCOME TAX HIKE, EVEN THOUGH DEMOCRATS HAVEN'T YET AGREED TO EXTEND IT. LAWMAKERS TODAY WILL START CONSIDERING A STATE BUDGET THAT WOULD AVOID PROGRAM CUTS THAT THREATEN IF THE INCOME TAX RATE FALLS FROM 5 PERCENT TO 3.75 PERCENT ON JAN. 1 AS SCHEDULED." Source: http://www.dailyherald.com/article/20140514/news/140519178/ |
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