CHICAGO – Republican gubernatorial candidate Bruce Rauner said efforts to put a millionaires’ tax on the November ballot in Illinois don’t “mean much.”
Illinois House Speaker Michael Madigan wants a non-binding resolution. It would ask voters to amend the state constitution so those making more than $1 million annually pay a 3 percent surcharge. Madigan’s spokesman said a showing of public support would help build momentum for a legislative proposal.
Legislative efforts for such a tax previously have failed.
Rauner told reporters Thursday after a speech to Chicago’s Chinatown Chamber of Commerce that such referenda are a failure of leadership and lawmakers should focus on cutting the spending burden on taxpayers.
Lawmakers are working on a budget. Rauner said his spending plan will be unveiled soon.