IL Governor Could Sign Income Tax Increase Thursday

by
January 13, 2011

By Jason Knowles, WLS-TV ABC7 Chicago

(CHICAGO) (WLS) — Illinois Gov. Pat Quinn could sign the new tax hike into law today. Once signed, Illinois workers will start paying 66 percent more in state income taxes.

The bill passed the by just one vote.

Once signed into law, Illinois workers will start paying 66 percent more in state income taxes by the end of the month. Also, because of the increase in state income tax, many workers will not see the benefit of a federal tax break.

The tax increase, however, save some government programs.
“I pity women trying to work and afford child care because these services were about to go away,” said Maria Whelan of Illinois Action for Children, a social service, non-profit organization.

Groups like Illinois Action for Children say they have laid off workers and trimmed services to the needy because the state is behind on its bills, and they are relieved that help is on the way.

“Allowing people to continue to work to continue to get the support so they can be part of a community, part of a workforce,” said Whelan.

But for many business owners and taxpayers, despite the goodwill that result from the tax increase, it’s still a pain for their incomes.

To read more, visit: IL Governor Could Sign Income Tax Increase Thursday

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