Tuesday, Sep 2, 2014
Quincy, IL News - QuincyJournal.com
Trending on the Journal

Recent Comments

Loverofblues - Quincy Park Board to interview executive director finalists - Quincy, IL News - QuincyJournal.com
Dave get over yourself. It is a job.
TateandToby - QND Football fills scheduling vacancy - Quincy, IL News - QuincyJournal.com
Huh? Did he mean Florida, Missouri? Because this just doesn't sound like a good idea.
GoSalukis - Quincy Park Board to interview executive director finalists - Quincy, IL News - QuincyJournal.com
Jim Mentesti?
DaveVictor - Quincy Park Board to interview executive director finalists - Quincy, IL News - QuincyJournal.com
Something tells me "might not necessarily be someone with a background in parks but it could be someone from within the community", means we've seen the next director sucking from the public teat before.
migraine_in_qcy - Abandoned baby calls to mind Safe Haven laws - Quincy, IL News - QuincyJournal.com
Safe Haven laws are for people who respect life. They would make no difference in this case. The kind of person who would dump a newborn in to a dumpster sees no difference between an unwanted baby and a spoiled ham sandwich. Why would they go to all the trouble of delivering the baby to the authorities, when such a simple solution is at hand? You've got the pro-abortion, "it's just a mass…

Most Popular

Lovelace indicted in death of first wife Updated

Indictment alleges Lovelace suffocated first wife Updated

Missing Quincy man found dead in park Updated

Committee sends new garbage and recycle trucks plan to Quincy City Council

QPD makes DUI arrest after hit and run

Durbin makes fund-raising stop in Quincy

Hiding public records in Illinois now a Class 4 felony

Rauner to make Quincy stop today

Millionaire tax amendment advances to House

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

Bob Gough on Twitter

Bob Gough 35 minutes ago

RT @quincyjournal: National Guard not involved in Lovelace legal proceedings http://t.co/GeYLa41oJS
QuincyJournal on Twitter

QuincyJournal 36 minutes ago

National Guard not involved in Lovelace legal proceedings http://t.co/GeYLa41oJS
QuincyJournal on Twitter

QuincyJournal 1 hour, 34 minutes ago

Visitors under age 12 to Blessing Hospital restricted until further notice http://t.co/CuUCs9Zd0p
QuincyJournal on Twitter

QuincyJournal 1 hour, 34 minutes ago

QND Football fills scheduling vacancy - Raiders will head to Florida in week nine http://t.co/UVzq469UON