Michael Madigan was re-elected speaker of the House today in Springfield. It was the opening day of the 100th General Assembly. And Madigan used the occasion to call for a focus on economic growth. Madigan's agenda consists largely of ideas he's suggested before: cutting the corporate tax rate, increasing taxes on millionaires, and raising the minimum wage.
"We can lift up the middle class (and) provide good jobs for working families, while also passing policies that help business grow and expand our economy."
In a statement, Governor Bruce Rauner responded favorably to Madigan's economic focus. Rauner has refused to negotiate on a state budget unless Democrats tie it to his business-friendly agenda.
Madigan, however, is sticking to his position that Illinois can pass a budget and encourage growth without conditioning one on the other. Madigan called for reducing the corporate income tax as a way to draw businesses to Illinois. But he also says any corporations that don’t pay state taxes must pay something.
