From the Illinois Policy Institute…
The fix is in. Democratic leaders want you to bail out their spending-and-borrow addiction with a massive tax hike.
The back room deal, announced late last night, would boost the state’s personal income tax by 75 percent − up to 5.25 percent from the current rate of 3 percent. You can find out exactly what this would mean to you with our UPDATED tax hike calculator. We will have that available on IllinoisPolicy.org this afternoon.
Consider this: A firefighter and a preschool teacher with two kids earning a combined $80,000 would pay $1,620 in higher taxes under the Quinn/Madigan/Cullerton agreement. That’s on top of the $2,160 they’re already paying in state income taxes. That’s food off the table, clothes off their backs and savings from college and retirement accounts.
Will you stand up to this injustice?
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Don’t Give Springfield Politicians Any More Money”