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House comes up short on millionaire’s tax – postpones consideration

House lawmakers today came up three votes short of the 71 needed to pass HJRCA26, the “millionaire’s tax.” House Speaker Michael Madigan put the resolution on postponed consideration, which means he can call the measure for a vote again on a future date.
The IFT has been a strong proponent of resolution, and members sent thousands of messages to lawmakers this week during IFT Local Power Week urging them to support this revenue measure. Read IFT President Dan Montgomery’s op-ed about the “millionaire’s tax” which appeared in the State Journal-Register this week.
HJRCA26 would provide $1 billion in dedicated education funding by simply asking the wealthiest Illinoisans (who earn more than $1 million) to pay their fair share to help fund our schools. Sixty-three percent of voters supported the concept in the November election.  
In light of the Governor’s devastating proposed cuts to essential programs and services and his plan to harm everyday men and women through his “turnaround” agenda, finding additional revenue to support education and relieve other budget pressures is critical.
The IFT will continue to advocate for this important measure. Stay tuned for updates.



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