Chicago Tonight

An End to Tax Breaks?

Clip: 04/14/2015 | 9m 43s  | Video has closed captioning.

Illinois is one of only three states that does not tax retirement income. That cost the state $2.2 billion in FY 2013, and along with other tax breaks the total revenue the state is foregoing is close to $9 billion. Is it time to reassess and end at least some of these tax breaks? Laurence Msall, president of the Civic Federation, is just back from Springfield and joins us to share his thoughts.

Aired: 04/14/15

Rating: NR

Problems Playing Video? | Closed Captioning

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