illinois tax hike

Illinois Passes 66% Tax Hike

Lawmakers in Illinois moved quickly yesterday, Jan. 12, to pass a new bill that increases the state's personal income tax rate by a whopping 66%....

Lawmakers Approve Illinois Tax Hike

Illinois lawmakers approved a 66% increase in the state%u2019s income tax in the final hours of the Legislature%u2019s session. Lawmakers raised the state income tax to 5% from 3% in a bid to close the state%u2019s deficit, which could be as large as $15 billion, The New York Times said.