ILLINOIS STATE SENATE DISTRICT 46: Koehler joins Senate in advancing Fair Tax amendment
Illinois State Senate District 46 issued the following announcement on May 1.
The Illinois Senate voted today to ask the voters if the state should change the way it taxes income.
State Senator Dave Koehler (D-Peoria) joined his colleagues in supporting Senate Joint Resolution Constitutional Amendment 1, which would allow the state to implement a fair tax system.
“A minimum wage worker in the Peoria area shouldn’t pay the same tax rate as a millionaire,” Koehler said. “By adopting this amendment, we can make the needed changes to keep our budget balanced and invest in needed improvements to our infrastructure, schools and colleges.”
Under the current Illinois Constitution adopted in 1970, income can only be taxed at a flat rate, meaning a person making $25,000 a year pays the same tax rate as a person making $1 million. Of the 41 states with income taxes, only 9 have a flat tax. The rest tax income at a graduated rate, meaning higher income earners pay higher rates.
“Under the proposed rates of Senate Bill 687, 99.2% of my district will get a tax break or pay the same,” Koehler added.
SJRCA 1 passed the Senate and now goes onto the Illinois House.
Original source can be found here.