The new projection from legislative researchers is to be considered Monday by a Senate fiscal review committee. If the panel signs off, the full Senate then could vote to pass the legislation on to the House.
Gov. Pat Quinn knows trying to make the state’s temporary income tax increase permanent will be a “tough choice” for Illinois lawmakers, but the issue could be even tougher for voters who’ll decide if the Chicago Democrat gets another term.
Some Democrats want an income tax hike extended, but many Republicans oppose it.
Federal law prohibits attaching ads to money.
The hike is due to expire at the end of next year. Without it, the state will lose about $5 billion in revenue each year.
Missouri tax revenues rose slightly last month, thanks to solid growth in income tax collections.
The leader of a conservative group said that it may recruit primary challengers to run against any Republican lawmaker who votes “no” on an attempt to override the veto.
“I think it’s going to go right down to the wire,” says Rep. Mike Colona, D-St. Louis. As for the Missouri Senate, Sen. Joe Keaveny hopes the Senate doesn’t even bring the bill up for a vote.
If Gov. Nixon signs it would mark the first decrease in Missouri’s income tax rate since 1921
“I think there’s been a maturing of the Tea Party movement obviously from 2009 till now,” said Dennis Lacomb, publisher of the Illinois Review.