Lawmakers Return to Capitol After Voting to Raise Taxes

Illinois State Rep. Greg Harris, D-Chicago, walks through the empty floor of the Illinois House as they prepare to vote on an income tax increase bill during the overtime session at the state Capitol, on Sunday. (Justin L. Fowler/The State Journal-Register via AP)

Illinois lawmakers are back to work after a dramatic vote in the House to increase income taxes by 32 percent.

Attention turns Monday to the Senate, where lawmakers will consider the budget measures approved by the House a day earlier. The tax legislation increases the personal income tax rate from 3.75 percent to just under 5 percent. Corporations would pay 7 percent instead of 5.25 percent.

Republican Gov. Bruce Rauner already promised to veto it.

Also moving to the Senate is a $36 billion spending plan the House OK’d Sunday. It’s about $1 billion less than the spending outline the Senate passed in May.

The House turns its attention to other matters such as a Senate plan to borrow billions of dollars to pay down overdue bills.

To Read The Full Story

Are you already a subscriber?
Click to log in!