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Illinois House to vote on Millionaire's Tax

4/17/2016
This week, the Illinois House is expected to vote on HJRCA 26, known as the Millionaire’s Tax. The IFT is a vocal supporter of this legislation, which will provide more than $1 billion in dedicated education funding for Illinois schools simply by asking the wealthiest Illinoisans to pay their fair share.

The Millionaire’s Tax would ask those who earn at least $1 million per year to pay a very small surcharge on their income to support kids and schools. In November 2014, more than 64 percent of Illinois voters supported this concept, and the legislation came up just three votes short of passing in Springfield last year.

Despite the measure’s popularity with voters, Governor Rauner staunchly opposes asking the super rich to pay their fair share, and instead is forcing ordinary families to suffer from the budget crisis he created. As one Chicago Tribune reporter noted, he deserves “An epic F.”

The Millionaire’s Tax would be a critical first step towards providing desperately needed funding for our schools, but it’s clear that the Governor and House Republicans are putting millionaires before working families.

The voters have spoken, and they deserve the opportunity in November to make this measure law. Now it's up to the Governor and Republican lawmakers to do their jobs.
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