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Stop the Illinois income tax rollback

Posted on March 21, 2014

Chicago Tribune

This op-ed by State Senator Heather Steans opposes the scheduled January 1, 2015 partial rollback of the State’s income tax rate because it would create a steep revenue cliff and threaten human services. Sen. Steans cites the Civic Federation’s State of Illinois FY2015 Budget Roadmap, which recommends extending the current income tax rates for one year before gradually rolling back the individual and corporate rates by 20%.