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Rauner: Cut spending over reviving millionaire tax

Published: Thursday, May 22, 2014 3:11 p.m. CDT

CHICAGO (AP) — Republican gubernatorial candidate Bruce Rauner (ROW'-nur) says efforts to put a millionaires' tax on the November ballot in Illinois don't "mean much."

Illinois House Speaker Michael Madigan wants a non-binding resolution. It would ask voters to amend the state constitution so those making more than $1 million annually pay a 3 percent surcharge. Madigan's spokesman says a showing of public support would help build momentum for a legislative proposal.

Legislative efforts for such a tax have previously failed.

Rauner told reporters Thursday after a speech to the Chinatown Chamber of Commerce in Chicago that such referenda are a failure of leadership and lawmakers should focus on cutting spending.

Lawmakers are trying to piece together a budget. Rauner says his spending plan will be unveiled soon.

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The bill is HB3816.

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