BERWYN - Democrat Gov. Pat Quinn today signed into law a measure to put a non-binding referendum on the fall ballot asking voters whether millionaires should be taxed at a higher rate — a move aimed at helping drive up Democratic turnout.
House Speaker Michael Madigan - a fellow Chicago Democrat - says taxing successful Illinoisans 3 percent more than other citizens could raise the state government an additional $1 billion, which he promises will be used for education.
Madigan had wanted the idea proposed as a constitutional amendment. But he couldn't garner the 71-vote supermajority it needed in the House to put the amendment before voters.
Republican challenger Bruce Rauner said the state should focus on cutting the spending burden on taxpayers rather than looking to raise taxes. Rauner, though, has indicated he might need to boost the 3.75 percent personal rate he would inherit if he becomes governor, but vows to lower it to 3 percent at the end of a four-year term.