Taxing Retirees

We share what you had to say about The Civic Federation's proposal to balance the state's budget by taxing retirees when we read some of our viewer feedback.

Just weeks before Gov. Pat Quinn is set to make his budget address, government watchdog group The Civic Federation releases a proposal it says will balance the state’s budget. The plan would pay down the state’s backlog, but would impose a tax on pension and social security income. Civic Federation President Laurence Msall and State Director for AARP Illinois Bob Gallo discuss how the proposal could affect retirees. Read the full report.

Gov. Pat Quinn pledges to sign legislation ending free health insurance for state retirees. Carol Marin talks with state lawmakers about what else may happen during the legislative session.