Should Illinois’ income tax hike permanent?

Should Illinois’ income tax hike permanent?
Should Illinois’ income tax hike permanent?

Should Illinois’ income tax hike permanent?

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The Illinois General Assembly has still not decided whether to keep permanent the income tax increase enacted in 2011. Both supporters and opponents are ratcheting up the debate; with supporters, such as various state agencies, predicting dire budgetary circumstances if the increase is allowed to expire. We talk with Ralph Martire of the Center for Tax and Budget Accountability and Bob Flider, Director of the Illinois Dept. of Agriculture, about how the revenue from the increase has been spent and what the fiscal picture will really look like if the increase is allowed to expire Photo: Flickr/401(K) 2013