Wealthy Illinois residents, 'mega-corporations' could face new taxes to fund public services

Wealthy Illinois residents, ‘mega-corporations’ could face new taxes to fund public services – WTVO (Rockford)

The policy briefing claims the $6 billion in proposed new taxes will support immigrant communities, schools, public transit, healthcare access for all, senior home care, child tax credit and direct cash assistance, re-entry employment programs, violence prevention and affordable housing.

Wealthy Illinois residents, 'mega-corporations' could face new taxes to fund public services

SPRINGFIELD, Ill. (WTVO) — Illinois legislators and advocacy groups are pushing for higher taxes on the wealthiest people in the state and "mega-corporations." State Senators and House Representatives have proposed joint resolutions to raise over $6 billion in new revenue, citing that the state's current tax system is unfair to low-income residents. Advocacy groups that are a part of the Illinois Revenue Alliance have all shown support for the p…

Illinois House Republicans Slam $6 Billion in Proposed Tax Hikes

Illinois House Republicans slammed proposals from progressive interest groups that would raise taxes by $6 billion on Illinois working families and businesses. At a Capitol news conference last Thursday, Deputy Republican Leader Norine Hammond (R-Macomb) and Assistant Republican Leaders C.D. Davidsmeyer (R-Murrayville) and Amy Elik (R-Alton) called the $6 billion in proposed tax hikes “outrageous and unacceptable.” Progressive Democrats ramped u…