Illinois Tax Hike –

Illinois is on the verge of a massive tax increase that would raise the individual income tax rate to 5%.  The Illinois Policy Institute reported that it would increase taxes on a family of three making $60,000 by almost $1,100 per year.  All 48 Republican members of the House opposed the bill.  The corporate tax rate would also increase by over 2% from 4.8% to 7%. 

To read a related Wall Street Journal article, please click here:

James Sutliff

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