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Governor Defends GRT

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Illinois governor Rod Blagojevich reiterated his call for his gross receipts tax plan yesterday during a rare all day hearing before the full Illinois House.

That plan would replace the state's corporate income tax in favor of a revenue based tax on business transactions.

The Governor says that's the best and fairest way to provide more money for education, pension relief and health care coverage in Illinois.

But is anyone buying it?

Despite his heated rhetoric and intense campaigning, lawmakers have yet to cast a vote on his plan.

All that could change today as House Speaker Michael Madigan is scheduled to call the measure for a non-binding up or down vote on the matter.

That will be the clearest sign yet on just how likely lawmakers will be to support the Governor's plan before end of the Spring Legislative Session.

Rich Miller has been covering it all for Capitol Fax and the Capitol Fax blog.

He joins us to talk about the reaction.

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