News

Madigan Drops Idea for “Millionaire Tax”

Madigan Drops Idea for “Millionaire Tax”

Photo: Newsradio WTAX

Michael Madigan’s spokesman says the Illinois House speaker is withdrawing a plan to tax millionaires in the state.

Madigan blames Republicans who wouldn’t support the proposal. Brown says Republicans “prefer and protect millionaires over school children.” But Democrat state Rep. Scott Drury also expressed concerns about the plan.

Madigan wanted to put a constitutional amendment on the November ballot that would have added a 3 percent surcharge onto incomes over $1 million. He said it would raise an estimated $1 billion annually for schools. The proposal needed a three-fifths majority in both chambers to be placed on the general election ballot.

Republicans said the tax would hurt small businesses and farmers.

Recent Headlines

in Entertainment

See what’s new on Netflix this month

17-overlay6

Are you over fireworks and cookouts? Stay inside and binge on these movies and shows that are now showing on Netflix.

in Entertainment, Sports

Mayweather, Pacquiao, Perry among the ‘best paid’ celebrities

maypac

Musicians and athletes dominate the world's highest-paid celebs, according to the latest rankings.

in Entertainment, National

Celebrate safely with these fireworks tips

Since Independence Day falls during the work week, members of St. Richard Catholic Church celebrated the holiday on Sunday, June 30, 2013, with a picnic-style outing complete with fireworks that could be seen throughout the northeast Jackson, Miss. neighborhood. The long streamers were recorded in a 13-second time exposure. (AP Photo/Rogelio V. Solis)

Don't be one of the thousands of Americans injured by fireworks on July Fourth. Stay safe and have a happy holiday!