Brian Gaines

Statehouse
9:04 am
Wed April 16, 2014

The Vanishing Millionaire Tax

Brian Gaines
Credit IGPA

House Speaker Michael Madigan pulled his plan for a so-called "millionaire tax" last week.   The plan would have raised taxes on those earning $1 million or more a year, with the proceeds going to schools.  It would have required a constitutional change. 

Professor Brian Gaines has studied the idea.  He's with the Institute of Government and Public Affairs at the University of Illinois.  He called Madigan's change of heart a bit surprising:

Brian Gaines' essay on the "millionaire tax" -

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