Madigan: $5 billion tax increase vote coming Sunday

SPRINGFIELD, IL – (Greg Bishop and Dan McCaleb, Illinois News Network.  Please click on the link above for the full story.  Here is an excerpt below.)

Illinoisans very well could learn Sunday whether their taxes are going up and, if so, by how much. Based on legislation passed by Senate Democrats in May and ongoing discussions through June’s special session, the tax increase is expected to total at least $5 billion and include a 32 percent income tax hike on Illinois workers.

House Speaker Michael Madigan, after being accused of stalling budget negotiations earlier in the day, issued a statement late Saturday afternoon saying that the House would vote Sunday on a tax increase package he claims is supported by Republicans.

There is no agreement on a comprehensive budget package that includes reforms and revenue,” according to Senate Minority Leader Jim Durkin, R-Naperville, said. “This impasse can only be resolved in a negotiated manner. It is our hope that Democrats will remain at the negotiating table.”