Gov. J.B. Pritzker’s graduated income tax plan a step closer to 2020 ballot after House panel vote

http://bit.ly/2JTQ0Hl

An Illinois House committee on Monday advanced a proposed state constitutional amendment to allow for a graduated-rate income tax, the cornerstone of Gov. J.B. Pritzker’s plan to stabilize the state’s chronically shaky finances.

The proposed amendment was passed by the Senate on May 1 on a 40-19 straight party-line vote, exceeding the required three-fifths majority. Before going to voters for final approval on the November 2020 ballot, the amendment must pass by the same margin in the House, where Democrats hold 74 seats. With Republicans unified in opposition, they’ll need all but three of their members to vote in favor of the amendment, which would do away with a constitutionally mandated flat tax.

Democratic Reps. Jonathan Carroll of Northbrook and Sam Yingling of Grayslake, who represent affluent suburban districts, have already said publicly that they aren’t ready to vote in favor of the graduated tax plan. Unless they can be persuaded, House Democrats can only afford one other defection.

Carroll cast a yes vote in Monday’s House Revenue and Finance Committee hearing to send the plan to the House floor but said he still has “strong reservations.”

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via Crime – Glenview Announcements http://bit.ly/1LjWzdx

May 20, 2019 at 08:09PM

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