These days, it seems like you're more likely to see a coyote trapped on an ice floe in Lake Michigan than find a Republican willing to acknowledge Illinois' inefficient and relatively low income tax needed to be raised.
Attorney General Lisa Madigan is asking the Illinius Supreme Court to freeze an appellate court ruling, which invalidated a $31 billion capital plan.
On the heels of an increase to the personal and corporate income taxes, the state's bond rating was upgraded by Fitch Ratings.
Need an antidote to the overblown rhetoric dominating news about Illinois' modest, albeit imperfect, income tax increase?
Jimmy has had enough!
Illinois' new income tax increase, while pilloried by critics as
enormous and destructive, is actually relatively modest. The state's
budget deficit, on the other hand, is not.
Republican governors from near (Wisconsin, Indiana) and far (Texas,
New Jersey) have given the media their two cents about Illinois' new
revenue package. The collective take?
The inevitable backlash against the Democrats' revenue package
is ripping through the state.
Gov. Pat Quinn signed legislation to
increase the state's personal and corporate income tax this afternoon.