Illinois state tax increases killed.
Amazing what a little fiscal intransigence can do:
The Illinois House overwhelmingly rejected a temporary income tax increase Sunday, moving the state closer to massive spending cuts that critics called a “doomsday” budget.
The House’s Democratic leaders didn’t even try to pass a larger, permanent increase that was approved by the state Senate a day earlier. Lawmakers said there was little support for that plan during private Democratic discussions.
Instead, the House considered a measure that would have bumped the state’s 3 percent personal tax rate to 4.5 percent for two years. House Majority Leader Barbara Flynn Currie, D-Chicago, said it would have produced about $4.5 billion for a state government drowning in red ink.
The Senate version is described here: essentially, while the Illinois Senate apparently was willing to ignore Republican objections (the truly strange term system that the Illinois state Senate has may have something to do with that), the Illinois House was apparently a little less happy with ending up ratifying significant tax hikes, particularly since the GOP was making no secret about the fact that it wasn’t involved in the process of making this budget in the first place. At least, that’s about the only reason that I can see for having a legislature that’s nearly 2-to-1 Democrat/GOP go so thoroughly the other way on this vote. At any rate, the Illinois Republicans are indicating that they’re willing to participate in the future budget negotiations. Assuming that the Democrats are willing to let them, that is.
Moe Lane
Crossposted to Moe Lane.
About This Post
