Saturday, Aug 29, 2015
Quincy, IL News - QuincyJournal.com

Recent Comments

CordellWalker - And now it’s time to say goodbye - Quincy, IL News - QuincyJournal.com
#neverforgetbenghazijournal
Quijote57 - And now it’s time to say goodbye - Quincy, IL News - QuincyJournal.com
Will we need a new commenting account or will you still use IntenseDebate?
tpfaffe - Raiders and Blue Devils back in action tonight on QJTV - Quincy, IL News - QuincyJournal.com
Is QHS being broadcasted tonight. It says channel 1 but there is no channel 1 on your site. Want to watch.
eaglebeaky - Man charged in death of 9-year-old girl in Ferguson - Quincy, IL News - QuincyJournal.com
I'm so glad to hear that they caught somebody for this! Such a heartbreaking, senseless loss. :-( R.I.P. Jamyla.
eaglebeaky - Legionnaires’ disease outbreak at IL Vets Home - Quincy, IL News - QuincyJournal.com
I also just wanted to add... I've got a family member residing at the Veterans' Home and thankfully, it seems that the facility IS taking this situation extremely seriously (along with the county Health Dept, and the state's Dept of Veterans' Affairs). I got an email from my brother late last night; he had been in touch with various staff and administrators at the Veterans'…

Most Popular

Arrest made in 5th and Cherry shooting Updated

23 Legionnaires’ cases now reported at IL Vets Home Updated

Durham man shot by police

And now it’s time to say goodbye

No arrests days after fatal shooting of girl, 9, in Ferguson, Missouri Video

BG man arrested; broke man’s ankle w/car

Real Estate Transfers August 17th thru 21st

Vester Lee Flanagan II, aka Bryce Williams, Named as Suspect in Live TV Shooting in Virginia Video

Millionaire tax amendment advances to House

1 year, 5 months ago Doug Finke, State Capitol Bureau

Progressive income tax rejected

From Doug Finke, State Capitol Bureau :
An Illinois House committee Thursday signed off on a measure that would allow voters to decide if millionaires should pay more in state income taxes.
At the same time, the House Revenue Committee put a stake in efforts to bring a progressive income tax to Illinois by voting down a proposed constitutional amendment on the issue.
The committee voted along party lines to approve the proposed constitutional amendment by House Speaker Michael Madigan, D-Chicago, that would impose a 3 percent surtax on incomes above $1 million. Income up to $1 million would continue to be taxed at the state's personal income tax rate, currently set at 5 percent.
Madigan said his amendment would apply to the more than 13,000 millionaires in the state. He said it would raise about $1 billion a year that would be distributed to K-12 school districts on a per-pupil basis. Each school district would receive $550 per student regardless of a district's financial health.
“Within our society, those who earn over $1 million are better equipped than others to support education,' Madigan said.
Rep. David McSweeney, R-Barrington Hills, said he was concerned about the impact on small businesses, many of which are set up to pay income taxes at the personal rate rather than the higher corporate rate. Coupled with the 2011 temporary income tax increase, McSweeney said, Madigan's proposal would mean a 167 percent tax increase on those businesses since 2010.
Illinois Manufacturer's Association president Greg Baise called the idea “bad policy and bad form.”
“This is more of a perception tax than a reality,” he said. “It is a perception Illinois wants to penalize success.”
However, Rep. John Bradley, D-Marion, said the surtax is a good approach for areas like his that do not have many millionaires.
“This is an opportunity for a lot of areas in the state to actually do a lot better with minimal impact on my regions,” he said.
The proposed amendment now goes to the full House, which must approve it by a three-fifths vote. The Senate will then have to approve it by the same margin for the issue to appear on the November ballot.

Click Here to Read Full Article


From the Newsroom

QuincyJournal on Twitter

QuincyJournal 2 hours, 26 minutes ago

Samsung Leads In Patent War Chest Among Tech Giants For Cars Of The Future http://t.co/RFrFRcpnrD
QuincyJournal on Twitter

QuincyJournal 3 hours, 25 minutes ago

New DUI law on the books in Illinois http://t.co/E5V7QJ5jSM
QuincyJournal on Twitter

QuincyJournal 3 hours, 25 minutes ago

Clinics to open in Senior Center, Indian Hills - Run by Preferred Family Healthcare through $650K Federal grant http://t.co/EIPfvhI528
QuincyJournal on Twitter

QuincyJournal 6 hours, 25 minutes ago

U.S. Is Short on Options to Confront Next Crisis http://t.co/adwwoqurX0