SPRINGFIELD, Ill. (AP) — The Illinois governor has lashed out at “special interests” and “billionaires” who he says “told lies” about the impact of a constitutional amendment allowing for a graduated income tax which voters rejected.
Democratic Gov. J.B. Pritzker said Wednesday that spending cuts are inevitable and should be blamed on opponents of his plan to eliminate a flat income tax rate.
Pritzker said a graduated rate would not affect 97% of taxpayers. It would generate $3 billion more a year by taking a higher share from those who make more than $250,000.
Critics said the extra revenue generated would lead to more reckless spending.