Quinn: Make temporary tax hike permanent
Governor Quinn proposes turning what was sold as a temporary, tax hike into a permanent one during his 2015 budget address on Wednesday.
The governor called for keeping the personal income tax rate at five percent.
“This comprehensive tax reform plan would maintain current income tax rates allowing us to balance the budget, properly invest in education, and provide every Illinois homeowner with a guaranteed, 500 dollar property tax refund every year.”
Quinn signed the increase from three to five percent back in January 2011. That’s a 67 percent rise. It was supposed to expire next year.
Republican State Representative and candidate for State Treasurer Tom Cross says Quinn has broken his word to taxpayers.
WGN News Writer C. Hayes published this story.