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Millionaire Tax Moving Thru IL House

Thu, 27 Mar 2014 16:29:47 CDT
By: AP

Gov. Pat Quinn says state lawmakers should take a close look at a plan to tax Illinois millionaires.   House Speaker Michael Madigan introduced a constitutional amendment to add a 3 percent surcharge onto incomes over $1 million. He says it will raise an estimated $1 billion annually for schools. A House committee approved the plan today. Quinn told reporters in Chicago voters should have final say. He didn't say outright that he supports it. But the governor does say he's happy to hear it passed through committee and legislators have a ``good opportunity'' to examine it. Republicans say the tax is unfair.

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