[Republican Senate Leader Christine] Radogno said lawmakers likely will consider hiking the state income tax or taxing retirement income, rather than increasing the state sales tax or instituting a tax on services.
Meanwhile the St. Louis Business Journal is reporting,
Illinois lost 81,000 residents and $4.1 billion of annual taxable income during the 2013 tax year, according to an Internal Revenue Service (IRS) report.
That’s one resident and $50,000 of income every 6.5 minutes.
That’s a record.
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It appears that Govenror Bruce Rauner has given up on broadening the sales tax to cover services.
An income tax on retirement income cannot be passed without Republican votes.
Each has been asked their reaction to the proposal.
Local Republicans are
- State Senator Pam Althoff
- State Senator Dan Duffy
- State Senator Karen McConnaughay
- State Rep. Mike Tryon
- State Rep. Barb Wheeler
- State Rep. David McSweeney
- State Rep. Steve Andersson
You can find phone numbers of the State Senators here.
Phone numbers for State Representatives can be found here.
And, yes, I have a personal interest in this.