Illinois may increase income taxes on wealthy

By John Dempsey, WLS-AM News

(CHICAGO) Illinois House Democrats are considering a plan that would increase state income taxes on the wealthy.

The plan would scrap the state’s current flat income tax of 3.75 percent, and increase the rates 9.75 percent for those earning more than $1 million.​

Downers Grove Republican State Representative Ron Sandack told “The Big John Howell Show” on WLS the plan is a bad idea that will drive citizens out of Illinois.

Listen to Representative Sandack with Big John Howell on WLS-AM 890:

“Why would a high earner want to stay in Illinois if they could ply their trade over the border in Wisconsin or Indiana?  We can’t keep taking more money from a diminishing population and expect prosperity to follow.”

The plan is expected to be brought up for consideration in the Illinois House on Wednesday.

The proposal would change the Illinois Constitution so people would be taxed based on their earnings.

Democrats hold majorities in both the Illinois House and Senate.

@2016 WLS-AM News