Some Democratic state lawmakers think part of the budget solution is a progressive income tax while some Republicans believe economic growth is the key.
During a forum Monday featuring eight state lawmakers, Democratic state Rep. Greg Harris proposed ending corporate tax loopholes, broadening sales taxes to include financial transactions, and taking money from special funds, among others proposals to increase revenue.
Democratic Sen. Heather Steans also said she supports a progressive tax increase.
However, Republican state Rep. Patti Bellock said increasing taxes on a shrinking tax base is the wrong way to go, especially with high property taxes in the mix.
Republican Senator Matt Murphy said he doesn’t like the idea of tax increases but said Republicans, including the governor, will support them if they are part of a good deal on economic reforms to grow the economy.