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Votes To Be Asked About Millionaire Tax

Should Illinois millionaires have to pay more income tax?

That is a question that will be put on Illinois voters this November.

Gov. Pat Quinn has signed legislation allowing voters to cast their opinion. The nonbinding resolution on the November ballot will ask if the state should place a 3 percent surcharge on incomes over $1 million. If that idea would become law it could raise $1 billion for education, or about $550 per student.  The bill is HB3816. Online: http://www.ilga.gov .

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