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Illinois: Madigan's House approves major income tax hike as Republicans break with Rauner
Also see below: The Latest: Illinois governor promises tax-hike veto (Associated Press)
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Source: Chicago Tribune
Madigan's House approves major income tax hike as Republicans break with Rauner
By Monique Garcia and Kim Geiger
Chicago Tribune
JULY 2, 2017, 9:50 PM | SPRINGFIELD
The Illinois House on Sunday approved a major income tax increase as more than a dozen Republicans broke ranks with Gov. Bruce Rauner amid the intense pressure of a budget impasse that's entered its third year.
The Republican governor immediately vowed to veto the measure, saying Democratic House Speaker Michael Madigan was "protecting the special interests and refusing to reform the status quo."
The measure, which needed 71 votes to pass and got 72, is designed to start digging the state out of a morass left by the lengthy stalemate. Madigan, in a statement, praised the action as "a crucial step toward reaching a compromise that ends the budget crisis by passing a fully funded state budget in a bipartisan way."
The tax hike now heads to the Senate, but whether there will be enough votes to send it to Rauner's desk is in question. When the Senate approved its own tax hike in late May, no Republicans voted for it and several Democrats voted against it. Senators return to the Capitol on Monday.
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By Monique Garcia and Kim Geiger
Chicago Tribune
JULY 2, 2017, 9:50 PM | SPRINGFIELD
The Illinois House on Sunday approved a major income tax increase as more than a dozen Republicans broke ranks with Gov. Bruce Rauner amid the intense pressure of a budget impasse that's entered its third year.
The Republican governor immediately vowed to veto the measure, saying Democratic House Speaker Michael Madigan was "protecting the special interests and refusing to reform the status quo."
The measure, which needed 71 votes to pass and got 72, is designed to start digging the state out of a morass left by the lengthy stalemate. Madigan, in a statement, praised the action as "a crucial step toward reaching a compromise that ends the budget crisis by passing a fully funded state budget in a bipartisan way."
The tax hike now heads to the Senate, but whether there will be enough votes to send it to Rauner's desk is in question. When the Senate approved its own tax hike in late May, no Republicans voted for it and several Democrats voted against it. Senators return to the Capitol on Monday.
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Read more: http://www.chicagotribune.com/news/local/politics/ct-illinois-budget-madigan-tax-hike-vote-met-0703-20170702-story.html
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Source: Associated Press
The Latest: Illinois governor promises tax-hike veto
BY ASSOCIATED PRESS | JULY 2, 2017 AT 3:46 PM
UPDATED: JULY 2, 2017 AT 6:21 PM
SPRINGFIELD, Ill. (AP) — The Latest on the Illinois budget stalemate (all times local):
8:15 p.m.
Illinois Gov. Bruce Rauner says he will veto an income-tax increase that the House has approved.
The House voted 72-45 Sunday to increase the personal income tax rate by 32 percent. It’s designed to start repairing the fiscal calamity caused by the nation’s longest budget stalemate since the Great Depression.
Rauner issued a statement that decried “the largest tax hike in history and continue out of balance budgets with no real reform.” The first-term governor insists on business-friendly changes and a statewide property tax freeze in return for agreement on a budget.
The tax increase goes back to the Senate for concurrence.
[font size=1]-snip-[/font]
BY ASSOCIATED PRESS | JULY 2, 2017 AT 3:46 PM
UPDATED: JULY 2, 2017 AT 6:21 PM
SPRINGFIELD, Ill. (AP) — The Latest on the Illinois budget stalemate (all times local):
8:15 p.m.
Illinois Gov. Bruce Rauner says he will veto an income-tax increase that the House has approved.
The House voted 72-45 Sunday to increase the personal income tax rate by 32 percent. It’s designed to start repairing the fiscal calamity caused by the nation’s longest budget stalemate since the Great Depression.
Rauner issued a statement that decried “the largest tax hike in history and continue out of balance budgets with no real reform.” The first-term governor insists on business-friendly changes and a statewide property tax freeze in return for agreement on a budget.
The tax increase goes back to the Senate for concurrence.
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Read more: https://ktar.com/story/1642287/the-latest-illinois-house-begins-tax-hike-debate/