Illinois lawmakers pushing income tax hike legislation
SPRINGFIELD, Ill. — An Illinois House committee is pushing legislation to raise income taxes by more than 30 percent.
The House Revenue Committee sent the proposal to the floor yesterday on a party-line vote.
Senate democrats approved the plan last week, in hopes of breaking the two-year budget impasse.
The bill would raise more than $5 billion.
Governor Rauner’s office has indicated he’ll veto the bill if it stays as is.
Lawmakers are working to come up with a deal before the legislative session ends tomorrow.