Donne Trotter is the Senate Democrats' budget expert. He says talks are underway about how the tax hike would work, although one version would have top earners paying about 60% more. Those who make less would get tax credits to lessen the blow.The budget is said to have a $9 billion dollar deficit.
TROTTER: It is not like a regressive sales tax. People aren't shopping anyway so we aren't getting those. So i believe this is fairest way to do it .
Trotter says other tax and fee hikes are also on the table, as well as some spending cuts. Trotter points out he has never had a meeting with the Governor's staff and is unsure if Pat Quinn is on board with this specific plan. But he says an income tax increase is getting more attention this year than it has since it was last raised in the early 1990's.
Via CapFax!
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