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Illinois' Tax Trifecta: Millionaire tax, progressive tax and permanent income tax hike

Mar 28, 2014

Thursday was a taxing day in the Illinois House. One committee put a stake into efforts to bring one progressive income tax to Illinois, while it also got the ball rolling on a potential progressive millionaire tax in the state.

A similar progressive income tax proposal recently passed a Senate committee, but the House Revenue Committee voted down a proposed amendment after three Democrats withheld support.

In the voting for the millionaire progressive tax proposed by House Speaker Michael Madigan, the committee voted along party lines.

More from State Journal-Register reporter Doug Finke:

Madigan said his amendment…

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