Could a “Retirement Tax” Help Illinois Climb Out of It’s Fiscal Hole?

Illinois is in a fiscal bind, and Rich Miller—founder of CapitolFax and tab-keeper on all things Illinois politics—explores in his recent column a policy that could raise $2 billion dollars. The idea: levying a tax on retirement income. From Miller: Illinois is facing a $4 billion hole in its 2015 budget when the 2011 income tax increase automatically ...
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