Thursday, March 27, 2014

Illinois Moves One Step Closer to Taxing Millionaires With Special Higher Tax: House panel OKs Madigan 'millionaire tax,' kills graduated tax

The Chicago Sun-Times reports:
House Speaker Michael Madigan’s push to impose a 3-percent surcharge on nearly 14,000 Illinois millionaires advanced out of committee Thursday, but the same panel rejected a call for a graduated income tax.