State taxes likely to be hot topic all year

Published 01/15 2014 05:38PM

Updated 01/15 2014 06:26PM

SPRINGFIELD -- The state's current income tax law is set to expire next year. Lawmakers are already at odds about how to handle it.

This will be a big issue this spring. If the temporary tax increase that's in force right now expires, experts say the state likely won't have enough money to cover its bills.

One idea being floated to fix it is to change the income tax structure to a graduated or progressive system instead. Currently, we all pay a flat 5% income tax. Making it progressive would mean people who earn more, pay more which would bring in more money for the state.

But, lawmakers in our area worry it will do more harm than good. Representative Rich Brauer (R) says he'd rather see the temporary income tax expire. Then, he says lawmakers should focus on cutting spending to balance the budget.

Governor Quinn hasn't said yet which way he stands on the issue. Lawmakers will be back in Springfield later this month to hash it out.

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