One year after historic tax increase, Illinois remains in the red

Cole Lauterbach  |  July 10, 2018

“… House Speaker Michael Madigan, D-Chicago, won the day, successfully overcoming Rauner’s veto and securing permanently higher tax rates of 4.95 percent for personal income and pass-through businesses and 7.95 for corporate income. ‘Our budget agreement was made possible by legislators on both sides of the aisle who looked beyond partisan differences and put the best interests of our state and its residents first,’ he said. Whether the budget did that is still being debated.”

Read the full article on: Illinois News Network

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