Rauner Open To Higher Income Tax Rate

(Chicago, IL) -- There’s talk that Bruce Rauner is open to keeping a higher income tax rate in place. The GOP candidate for governor has been campaigning on the idea of rolling the rate back from five-percent to three-percent, but he admits that can’t happen overnight. He’d like to see a four-year-phase out of the higher rate but he says he’d have to work out the details and yearly rates with members of the General Assembly. That means lawmakers will likely be taking a vote to keep a higher rate in place after the November election, regardless of who wins the race.