Oregon vote could impact Illinois tax wars, guv election

The Oregon measure — taxes will go up 2% for individuals earning more than $125,000 a year or couples above $250,000 — bears a distinct similarity to a proposal here by Democratic gubernatorial hopeful Dan Hynes.

,Mr. Hynes wants to implement a graduated income tax, one that he says would raise billions of dollars a year solely by zapping the top 3% of the population: households with annual incomes of $200K on up.
The measure needs to be approved by a 60% vote of the General Assembly and then in a statewide referendum.

 Should Mr. Hynes win the Democratic primary next Tuesday, expect to hear a lot, lot, lot more about Oregon and why Illinois ought to follow suit.

Click on the following for the rest of the story: Oregon vote could impact Illinois tax wars, guv election | Greg Hinz | Crain's Chicago Business