Welcome

Thank you for visiting paducahsun.com, the online home of The Paducah Sun.

Calendar
June 2012
S M T W T F S
27 28 29 30 31 01 02

Click here to submit an event.

Illinois group wants to keep tax increase, tax retirement income

Associated Press

CHICAGO - A government watchdog group says Illinois should keep its temporary income tax increase in place for a year longer than initially promised and begin taxing retirement income to dig the state out of a budget hole.

The Chicago-based Civic Federation says its five-year plan would allow the state to pay off its $5.4 billion backlog of unpaid bills and avoid budget cuts.

The 47-page report was released on Monday.

It's a more detailed plan than has emerged so far from legislative leaders and various candidates.

David Yepsen of Southern Illinois University says the approach has "a little pain for everyone."

But because expiration of the state's income tax is a politically touchy subject, Yepsen says debate on the proposal could be put on hold until after the November election.

Comments made about this article - 0 Total

Comment on this article

Your comment has been submitted for approval
captcha 31b9b31f657347e28f5e5dcc0cb71c28
Top Classifieds
  • Downsizing Due To Health Museum Quali ... Details
  • CONCORD AREA MCHS - 3 miles ... Details
  • SEEING is believing! Don't b ... Details
  • 14' JON BOAT with electric s ... Details

Most Popular
  1. National park visitors largely ignoring rules
  2. Scholarship tax credits will have positive impact
  3. Mustangs, Korte lead way at Owensboro
  1. National park visitors largely ignoring rules
  2. Victim in alleged Calloway assault dies
  3. Good-ole-boy pension secrets still safe
  1. Good-ole-boy pension secrets still safe
  2. National park visitors largely ignoring rules
  3. Scholarship tax credits will have positive impact
Discussion

Check out these recently discussed stories and voice your opinion...