temporary income tax increase http://wuis.org en Illinois House Democrats Regroup, Craft Budget Without Higher Tax http://wuis.org/post/illinois-house-democrats-regroup-craft-budget-without-higher-tax <p>Illinois House Democrats have given up on extending a temporary income tax increase and have begun working on a scaled-back state spending plan.<br />&nbsp;<br />Speaker Michael Madigan said Monday that House working groups would begin work<br />on a ``middle-of-the-road'' budget that's in line with a revenue estimate of about $34 billion.<br />&nbsp;<br />Democratic Gov. Pat Quinn wants to make permanent the income-tax increase that's set to roll back in January. It's costing the typical Illinois taxpayer about $1,100 more this year.<br />&nbsp; Tue, 27 May 2014 01:14:00 +0000 Associated Press 25952 at http://wuis.org Illinois House Democrats Regroup, Craft Budget Without Higher Tax Rauner Blasts House Democrats On Budget Process http://wuis.org/post/rauner-blasts-house-democrats-budget-process <p></p><p>Republican gubernatorial candidate Bruce Rauner is criticizing House Democrats for adopting budget measures without an approved plan to pay for them. &nbsp;</p> Mon, 19 May 2014 20:17:35 +0000 Associated Press 25455 at http://wuis.org Rauner Blasts House Democrats On Budget Process Temporary Hike Costing Average Taxpayer $1,100 This Year http://wuis.org/post/temporary-hike-costing-average-taxpayer-1100-year <p>The temporary income tax hike Illinois lawmakers are considering extending is costing the typical taxpayer about $1,100 more this year, according to calculations by the Governor's Office of Management and<br />Budget.<br />&nbsp;<br />The 67 percent increase on individuals approved in 2011 is producing about $6.6 billion in additional revenue for the state this year. Democrats promised when they raised the individual rate from 3 percent to 5 percent that it would roll back to 3.75 percent in January 2015. Now Gov. Pat Quinn and legislative Thu, 15 May 2014 22:24:26 +0000 Associated Press 25228 at http://wuis.org Temporary Hike Costing Average Taxpayer $1,100 This Year Civic Federation Has Plan To Balance Illinois Budget http://wuis.org/post/civic-federation-has-plan-balance-illinois-budget <p>The Civic Federation is releasing a new proposal it says will balance Illinois' budget, eliminate its bill backlog and reduce taxes. &nbsp;</p><p>The plan includes capping spending to help the state pay off its $5.4 billion backlog of unpaid bills over the next five years. &nbsp;</p><p>It also would extend the state's temporary income tax increase by a year before reducing tax rates gradually, and calls for taxing pension and social security income. &nbsp;</p> Mon, 03 Mar 2014 13:17:27 +0000 Bill Wheelhouse & Associated Press 20065 at http://wuis.org Civic Federation Has Plan To Balance Illinois Budget