Tag: graduated income tax

Capitol Briefs: Former Gov. Quinn pushes for ‘millionaire tax’ amendment; Underground Railroad task force issues findings

Former Illinois Gov. Pat Quinn says the Nov. 5 election results show voters are willing to support a graduated income tax structure to provide property tax relief.

‘Painful’ Funding Cuts For Illinois Schools Loom Following Fair Tax Rejection

SPRINGFIELD – After voters rejected a ballot initiative that would have increased taxes on the state’s highest earners, Illinois school district officials and advocates expect cuts to state funding. The ballot initiative, commonly referred to by advocates as the “Fair Tax,” was projected to pump billions into the state’s coffers during a period when the