Friday, April 12, 2019

The plan is bad for the state of Illinois

OPPOSITION RESPONDS TO PRITZKER'S GRADUATED TAX PLAN

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master tax evader

Springfield, Ill. – Tuesday, Governor JB Pritzker and Democrat leaders of the General Assembly announced a major step forward towards a graduated state income tax. The lawmakers introduced the language to which they would like to see the Illinois Constitution changed. Soon after, opponents responded.
Governor Pritzker says his proposed fair income tax would address the state’s multi-billion-dollar budget deficit by raising taxes only on those making more than $250,000, who represent only 3% of taxpayers.
“Working with the General Assembly, my administration is taking an important next step to
change our tax system to be more fair to the middle class,” said Governor JB Pritzker. “The action we’re taking today means we are one step closer to giving voters a choice about whether the wealthy will pay more and 97% of families will pay the same or less. I’ve said from the beginning that it doesn’t make sense that I pay the same rate as a teacher or first responder, and today brings us closer making Illinois’ tax system fair.”
The wording change proposal is: 
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But those opposed to the wording change gave specific reasons for their resistance. 
“Governor J.B. Pritzker is a tax-hiking hypocrite," IL GOP State Chairman Tim Schneider said in a statement. "He’s pushing an indefinite number of tax hikes on Illinois families and businesses, yet he dodged hundreds of thousands of dollars in property taxes on his own Chicago mansion. An independent watchdog called Pritzker’s property tax dodge a ‘scheme to defraud.’It remains unknown if he will be prosecuted for accepting the property tax refund.
"And we all know how Pritzker offshores his business interests in the Bahamas to dodge taxes. That only scratches the surface of Pritzker’s tax-dodging schemes. When J.B. Pritzker pays his fair share, then he can sincerely ask Illinoisans to pay more. Until then, he should stop pushing tax hikes.”
The Illinois Chamber of Commerce said Pritzker's proposed amendment (SJRCA1) will "not fix our state's current fiscal crisis, but will discourage entrepreneurs and facilitate unbridled tax increases on our middle class." 
The Chamber's President and CEO Todd Maisch testified in opposition at Tuesday's Senate Executive Committee hearing.
"We understand the governor has inherited serious financial problems. However, there is no way the administration can tax its way out of those problems solely through increasing taxes on the "wealthy." Regardless of the stated purpose of this constitutional amendment, the middle class will certainly be included in higher tax brackets in the future, because there simply isn’t enough money in the top three percent of earners.
"Secondly, this amendment clearly discourages entrepreneurs in Illinois whose success is our best chance at economic and revenue growth in our communities. Finally, the Illinois constitution currently states only one tax can be levied on income. This amendment removes that language, creating a situation where the government can tax your income multiple times for multiple purposes," Maisch said. 
The Illinois General Assembly would need to approve the proposal to be on the next General Election ballot in 2020. If the state's voters pass the amendment, it would then remove Illinois' flat tax and insert the graduated tax plan. 
 

8 comments:

  1. Anonymous4/12/2019

    Brace for Impact or FLEE ILLINOIS!!

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  2. Anonymous4/12/2019

    Those making more than $250K will just find innovative ways to beat the new tax rates.
    Who would have thought that simply removing your toilets would slash your real estate taxes?

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    Replies
    1. Anonymous4/12/2019

      Mike Madigan did.ask him.

      Delete
  3. Anonymous4/12/2019

    I guess you read this and are supposed to be grateful that you're included in the 97% of Illinoisans who struggle with property taxes, mortgages, tuition, rising fuel and food costs. What's this supposed to be, an incentive to stay poor or struggling? And now with this foot in the door to screwing with the state constitution, can the meddling with the pensions be far behind. The duplicity of our legislature with social entitlement give-aways should have all of us keeping an eye on where our taxpayer dollars are going, obviously not anywhere a taxpayer benefits.

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  4. Anonymous4/12/2019

    Notice the original language " At any one time there may be no more than one such tax imposed by the state for the state purposes on individuals and one such tax imposed upon corporations" See how it is missing in the new version, this will allow them to add specific surcharges or additional taxes for water reason they see fit. The devil is in the details, wait till they tax your beloved pensions and even tax the state and municipal pension payments when you move out of state by claiming the payment originates in Illinois.

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  5. Anonymous4/13/2019

    Democrats have truly morphed into communists. If I have to listen to one more big bottomed cps teacher complain about their 75k job with weekends, holidays and summers off I will probably projectile vomit.

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    Replies
    1. Anonymous4/14/2019

      Progressive=Communist

      Delete
    2. Anonymous4/15/2019

      Yes siree

      Delete