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Millionaire Tax Stalls, "Turnaround Agenda" Bills Set for Proposal

Illinois State Capitol
Illinois Public Radio

Illinois House Speaker Michael Madigan's effort to impose a new income tax on millionaires has stalled, but lawmakers may soon see proposals from Gov. Bruce Rauner regarding his "Turnaround Agenda."

Madigan postponed the measure Thursday after a vote failed to produce needed 71 votes. Three House Democrats voted against Madigan's measure.
It wasn't immediately clear if the effort would see another House vote.

The attempt comes as Madigan has tried to put pressure on Gov. Bruce Rauner during a budget impasse by scheduling votes on the Republican's pro-business priorities.

Rauner plans to introduce legislation Friday in an effort to advance pieces of his so-called "Turnaround Agenda.''

Documents show the Republican will push for six bills as the Legislature approaches its May 31st deadline. Among them are measures to make workers' compensation insurance less expensive, freeze property taxes and impose term limits. 

The question on the millionaires tax would ask voters in November 2016 if the state constitution should be amended to add a 3 percent surcharge to incomes of more than $1 million. Voters overwhelmingly favored the idea in a non-binding ballot question last fall.
 

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