A tax on millionaires is advancing through the General Assembly ... at the expense of a progressive income tax.
The so-called "Millionaire's Tax" would levy a three percent surcharge on income over a $1 million. House Speaker Michael Madigan says that should raise about a billion dollars, which Illinois would send exclusively to schools.
"My judgment was that it helps education and it calls upon those in the society that are better able to help fund education than others."
Rep. David Harris, R-Arlington Heights, says "the chief executive has attacked the legislature, which shows how dysfunctional we are. If they haven't done their job, then they shouldn't get the full appropriation that we did, and I suggest that that appropriation be cut."
Several months after Illinois Gov. Pat Quinn vetoed legislators' salaries from the state budget -- one lawmaker wants to turn the tables on him.
Gov. Quinn says lawmakers shouldn't be paid until they overhaul the state's pensions. A judge rejected that move and the governor's appeal is still pending before the state Supreme Court, so lawmakers are getting their paychecks.
Nevertheless, legislators are still offended by Quinn's "attack," as Rep. David Harris, R - Arlington Heights, describes it.
A proposed incentive package created to persuade Archer Daniels Midland Company to keep its global headquarters in Illinois is sparking debate among lawmakers. The proposal would give ADM a 10 percent break on utility taxes for up to 30 years and an income-tax credit. It's expected to be discussed at an Illinois House committee meeting Tuesday. ADM announced last week it plans to move its global headquarters out of Decatur.