Posts tagged: Illinois Senate

Illinois Senate Budget Plan Includes $5 Billion in Tax Hikes, $7 Billion in Borrowing

Image result for illinois senate tax hike

Written by Ted Dabrowski and John Klingner

Illinois Senate members have a drafted a new budget plan that relies on multibillion-dollar tax hikes, but little in structural spending reforms.

The plan punishes taxpayers with more than $5 billion in additional income and other taxes, borrows $7 billion from the bond market and adds casinos in Chicago – none of which provide relief to struggling Illinoisans. The plan also leaves pensions unreformed, does little to workers’ compensation costs and burdens job creators with a higher minimum wage cost.

Continue Reading

Modified by Matthew Medlen.com