In Bipartisan Vote, House Approves Tax Increase

Illinois Gov. Rauner to veto both tax revenue and spending budge - KMOV.com

Since the tax increase received 72 votes, that's enough to override a veto from Rauner, but it's uncertain whether the fifteen republicans who joined democrats yesterday will again vote against the governor. Rauner derided the proposals as lacking spending restraint or "structural" changes he wants. Rauner has long maintained that he would only agree to higher taxes if Democrats reform workers' compensation, freeze property taxes and ease restrictions on local government consolidation-all changes he says will make IL more economically competitive.

"Now for the people of the state of IL who are paying too much in property taxes, there is no relief here", Breen said. The House was expected to vote on a revenue package around 2 P.M. Sunday, July 2nd.

The pair of decisive House votes set Democrats on a collision course with Rauner, who vowed to veto the 32 percent personal income tax hike he pinned to House Speaker Michael Madigan.

In addition to Pritchard, local Democratic Representative Stephanie Kifowit voted for the tax increase. Vernon. "We have an opportunity to keep our state afloat and stop being an embarrassment", said Lou Lang, D-Skokie.

The basic outlines of the impasse are unchanged: Gov. Rauner has resisted a tax increase until he passes his economic and political agenda - which includes freezing property tax rates and changing how on-the-job injuries are compensated. While the income tax rate for individuals has been moved up from 3.75% to slightly lower than 5%, corporate will now have to pay 7% now while they were paying 5.25% earlier. The House also sent a $36 billion spending plan to the Senate amid concern that credit-rating companies will pull Illinois' investment-grade rating if a budget isn't enacted.




"I will veto Mike Madigan's permanent 32 percent tax hike".

$800 million less than what Rauner proposed last winter.

Both bills now head to the Democratic-led Senate, which returns to session on Monday, for concurrence votes. Meanwhile, negotiations continued all weekend.

"My idea of a balanced budget is, look at the revenues you have, and match spending to revenue, like we'd do in our own household", he said.

"When I took office, I promised the taxpayers of IL that I would fight every day to take this state in a new direction after decades of failed leadership from both parties". He also said in an emailed statement that "if the legislature is willing to pass the largest tax hike in state history with no reforms, then we must engage citizens and redouble our efforts to change the state". The House has other budget-related matters, such as work on legislation to borrow billions of dollars to buy down the pile of past-due bills.

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