Vallas: Rauner income tax rollback would cost schools $4 billion

Via State Journal-Register

Republican Bruce Rauner’s proposal to dump a temporary state income tax increase would cost public schools $4 billion a year and lead to nearly 28,000 teacher layoffs, the rival campaign for Illinois governor said Wednesday.

Paul Vallas, Democratic Gov. Pat Quinn’s running mate, presented a by-school-district breakdown of cuts that he said would be required under Rauner’s “Jobs and Growth” agenda, which calls for rolling back Quinn’s temporary 67 percent tax hike in January from 5 percent to its pre-2011 level of 3 percent — not 3.75 percent, as the law currently reads.

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