SPRINGFIELD – The Illinois State Senate approved a tax reform package on Wednesday that would at long last ensure that those who are wealthiest are paying their fair share.

State Senator Ram Villivalam issued the following statement:

"The premise of creating a fair tax is simple: millionaires and billionaires should pay their fair share while we work to provide some tax relief for working families and ensure economic stability,” Villivalam (D-Chicago) said. "Right now, our government taxes the income of all Illinoisans at the same level, whether you're making $40,000 a year or $40 million a year. We are one of only nine states that still stands by this unfair and fiscally irresponsible policy. This vote is the first step toward taxing residents more fairly and righting our fiscal ship."

The package of legislation will now be heard before the House of Representatives.