In Bipartisan Vote, House Approves Tax Increase
TRANSCRIPT: The debate comes after two long years of stalemate over taxes and spending in Illinois government. The basic outlines of the impasse are unchanged: Gov. Rauner has resisted a tax increase until he passes his economic and political agenda — which includes freezing property tax rates and changing how on-the-job injuries are compensated. What's new is that Illinois's situation is going from bad to worse. Road construction projects have been suspended, social service agencies are trying to decide whether to shut down, and the state's credit rating could be lowered to "junk" status at any time. Then there's the growing pile of overdue bills — approaching $15 billion dollars. State Rep. David Harris, a Republican from Arlington Heights, says the interest alone on that debt will cost taxpayers $800 million dollars. Rep. DAVID HARRIS: "We might as well put a pile of $800m there in the center of the floor, light a match to it — be...