tax hike

Jim Anderson -- Illinois Radio Network An Illinois congresswoman plans to introduce a bill this week to raise federal income tax rates. It won't be on you, it'll be on people who make more than $1 million a year, says U.S. Rep. Jan Schakowsky (D-Evanston)...

Jim Anderson -- Illinois Radio Network Tax increases will not be the solution to the state's budget woes this year or next, if approval is needed by Republicans. That promise on behalf of Republicans comes from Illinois House Minority Leader Jim Durkin (R-Western Springs)...

Gas prices in Illinois are back on the rise after dropping to their lowest levels since 2009. The average price for a gallon of gasoline is now $2.30, up 18 cents from a month ago, but still down more than a dollar from a year ago. Nationally, gas prices declined a record 123 consecutive days to $2...

After Bruce Rauner's win last week attention turned to what might happen in Springfield during the two months Pat Quinn still holds the title of Governor. And most importantly, what will happen to the promised partial sunset of the income tax hike...

Jim Anderson -- Illinois Radio Network Republican governor candidate Bruce Rauner says he hopes an extension of the income tax increase isn’t approved at the 11th hour. He’s concerned about the so-called Lame Duck Session in January, when it takes a simple majority to pass legislation, but it’s still the old General Assembly, with lawmakers who may be retiring or who lost their elections... Read M

Dave Dahl -- Illinois Radio Network That “middle of the road” budget has passed the Illinois House. But don't count out the idea of digging up some more revenue later this year or “into January,” said Speaker Mike Madigan (D-Chicago)...

Illinois House Speaker Mike Madigan (D-Chicago) says there are only 34 votes in the Illinois House to extend the 5 percent income tax beyond the end of this year.  Sixty votes would be needed. Madigan says he’ll still work to get the votes in the last 10 days of session: The 2011 tax increase, raising the state's flat income tax rate from 3 percent to 5 percent, is set to roll back to 3... Read Mo

Dave Dahl -- Illinois Radio Network With the legislature set to adjourn May 31 – a deadline in that it takes a three-fifths vote, rather than a simple majority, to pass things – Gov. Pat Quinn assigned himself the job of salesman, with the audience being the 71 members of the Illinois House Democratic Caucus...

Lawmakers remain in Springfield for the next couple of weeks with a couple of large items still left on the agenda. Among them are passing a "balanced" budget for the upcoming year and determining if Governor Pat Quinn will get his permanent tax hike...

Jim Anderson -- Illinois Radio Network Illinois Senate Republicans are criticizing the directors of state agencies for trying to make the case for extending the income tax increase. “I refer to it the Parade of Horribles,”  says State Sen...