Illinois Senate President John Cullerton on Monday floated the idea of taxing some retirement income as part of a possible revenue-neutral overhaul of state taxes.

“If we want to talk about taxing some of that retirement income — maybe tax retirement income up to age 65 — if we want to expand the tax base in the sales taxes, we can do that and then lower overall rates,” Cullerton said in an address to the City Club of Chicago. “I’m all in favor of that. That would be tax reform.”

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