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Illinois Democrats Pass 66% Tax Increase

Democrats in Illinois have passed a 66% increase in personal income taxes, raising the rate from 3% to 5% for four years.  Corporate taxes will also be increasing.  The measure is designed to help an ailing budget which is $15 billion in the hole.  The tax increase is projected to generate about $6.8 billion per year.

No Republicans in the Illinois House or Senate supported the increase.  GOP lawmakers noted they weren’t included in the negotiations and they rejected raising taxes after years of spending growth. “We’re saying to the people of Illinois, `For eight years we’ve overspent, now we’re going to make it your problem,'” said Rep. Roger Eddy. “We’re making up for our mistakes on your back.”

Neighboring states are preparing for the influx of refugees.

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