Illinois Lawmakers Approve 66% Tax Hike and More Program Cuts

Illinois Lawmakers Approve 66% Tax Hike and More Program Cuts

SPRINGFIELD, Ill. (CBS) – By a single vote, Illinois lawmakers approved a 66 percent increase to the personal income tax overnight, and soon, your paycheck will be shrinking.

But as CBS 2 Chief Correspondent Jay Levine reports, Democratic state lawmakers have said the tax hike is necessary to get the state’s outstanding bills paid. Lawmakers also say cuts and spending limits will be part of the plan.

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Illinois Lawmakers Approve 66% Tax Hike and More Program Cuts

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