Nonbinding question for increasing millionaires' tax approved by Quinn
BERWYN - Legislation that will allow voters to give their opinion on whether Illinois millionaires should pay more income tax has been signed by Governor Pat Quinn.
The proposal was signed by Quinn on Tuesday, and will put a nonbinding question on the November ballot to gauge support for adding a 3 percent surcharge on incomes over $1 million.
According to House Speaker Michael Madigan, the surcharge could generate about $1 billion for education. Madigan also says that he wanted the idea proposed as an amendment to the state constitution, but couldn't get the 71 votes it needed in the House.
However, critics claim that the measure aims to drive Democrats to the polls in a hotly-contested gubernatorial race this year.