What happens if Illinois' income tax rate is allowed to decrease?

Apr 30, 2014

What Illinois will do about its expiring income tax hike continues to be a top question looming over the legislative session. Senate President John Cullerton says there is more support for extending the higher rate in his chamber, where there are more Democrats than in the House. 

Tuesday, he told Illinois Public Radio's Amanda Vinicky that he'll therefore let the House take the lead on voting for Gov. Pat Quinn's budget plan. And it if it doesn't pass, Cullerton says legislators will be asked to make what he called "Draconian" cuts.  

Today, Vinicky continues that conversation with Cullerton.  She started by asking him about what it would mean for the Republican's candidate for governor, Bruce Rauner, if he gets his way, and lawmakers let the income tax rate decrease.