Chicago Alderman, Vice Mayor, Berny Stone Holds Press Conference to Oppose Proposed State Tax Hikes ; Senior City Council Member Calls On Constituents and City Legislators to Call Their Reps to Express Opposition Prior to Weekend Vote

U.S. Newswire › January 07, 2011

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Summary

CHICAGO, Jan. 7, 2011 /PRNewswire/ -- Fiftieth Ward Alderman and Vice Mayor of the City of Chicago Berny L. Stone, today called an emergency press conference at City Hall to express his opposition to the proposed tax hike that would raise state income taxes from 3 percent to 5 1/4 percent - a 75% increase for Illinois taxpayers.

Similarly, state legislators are considering an increase in corporate income taxes from 4.8 percent to 8.4 percent, nearly doubling corporate tax rates. The measures proposed by Illinois Governor Pat Quinn are designed to address the state's projected $15 billion budget deficit.

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Chicago Alderman, Vice Mayor, Berny Stone Holds Press Conference to Oppose Proposed State Tax Hikes ; Senior City Council Member Calls On Constituents and City Legislators to Call Their Reps to Express Opposition Prior to Weekend Vote

While proposed as a temporary four-year increase, many l...

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