Hey, Governor, if it's a tax cut for millions of Illinoisans, then why bother? And since this is "The Land of Obama", it begs the larger question, Is this what Barack Obama has in store for America? Answer: You bet!
Illinois Income Tax May Jump 50 Percent
Gov. Pat Quinn Says Tax Hike Is Needed To Fight Deficit
CHICAGO (CBS) ― Gov. Pat Quinn is calling for a hike in Illinois income taxes for families making more than $56,000 a year.
Pat Quinn confirmed Friday that he plans to raise taxes on some Illinois residents to combat deficits in a difficult state budget, and called for broader tax reform. Quinn said Friday that he plans to hike taxes for families that make more than $56,000 a year.
But Quinn contends his income tax proposal would amount to a tax cut for millions of Illinoisans by increasing the personal exemption to let them shield more income from being taxed.
"It's very important that we raise taxes in a fair way for the people of Illinois in order to pay for important core priorities – whether it be safety, health, education, transportation, and so on," Quinn said at a news conference at the James R. Thompson Center Friday.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment