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News Link • TAXES: Federal

Rauner Vetoes 32% Tax Hike Bill But Wimpy Republicans Expected to Override Veto

• by Mish

Rauner proposed a temporary tax hike and called a special session to work out a bipartisan plan.

Instead, the Illinois legislature passed a massive and permanent tax hike. The Senate Has already overridden Rauner's veto and 15 House Republicans are expected to go along.

Politico reports Rauner Vetoes Budget in Illinois Showdown [but Republican fools will override the vote].

Attempting to avoid becoming the first state ever to see its bond rating downgraded to "junk" status, the Illinois legislature on Tuesday sent Republican Gov. Bruce Rauner a $36 billion spending plan in a dramatic showdown that culminated in an extraordinary Fourth of July vote.