Madigan’s Bipartisan Deception vs. Taxpayers

Written by David E. Smith

As you know by now, over the Independence Day weekend, the Illinois General Assembly passed a massive tax hike for families and businesses. When Governor Bruce Rauner vetoed the proposal, the Illinois Senate and House quickly overrode his veto. What does that mean for taxpayers? Well, the personal income tax rate has now increased by 32 percent, surging from 3.75 percent to 4.95 percent, and the corporate rate has jumped from 5.25 percent to 7 percent.… Continue Reading