Illinois Lawmakers Pave Way For Higher Taxes On Richest, Send Plan to Voters
- Constitutional amendment to end flat tax heads to 2020 ballot
- Higher taxes on rich is core of Pritzker plan to mend finances
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Illinois lawmakers paved the way for higher taxes on the state’s richest residents, approving a constitutional amendment to do away with the flat income tax that will go before voters during next year’s presidential election.
The state’s House of Representatives on Monday voted to approve a constitutional amendment that would allow for higher tax rates on the top earners, the centerpiece of Governor J.B. Pritzker’s plan to stabilize the worst-rated state’s finances. The state Senate already passed the measure, leaving it poised to go on the November 2020 ballot for voter approval.