Tax hike would be devastating to Illinois’ economy
The Illinois Federation of Teachers (IFT) is lobbying hard to raise your taxes. They’re quoting farcical research that claims the state would lose thousands of jobs if the budget was balanced through spending reductions instead of tax hikes. Keep in mind that Governor Quinn’s plan to hike our total corporate income tax rate to the fourth highest in the nation would drive businesses and jobs from Illinois in droves.
Let’s not forget that a single mother with one child — or a teacher with one child — who makes more than $28,000 is going to be paying more in personal income taxes under Governor Quinn’s proposal.
A tax hike will be devastating to Illinois’s economy, not to mention many of the families the IFT claims to represent.
Jarad Perry
Illinois Policy Institute
Our real problem with taxes in this country, is there are just to many taxing entities, and everyone wants some. Lets cut it down some, lets all pay the county, let the county pay the state and the state pay the fed. That way at least I know where my over 50% tax rate goes.
Jarad
Typical liberal mantra. Raise taxes here, raise taxes there. Give more to the ones that don’t pay taxes, you know, redistribute the money.
Jarad, and everyone else involved: So, you don’t want to see taxes go up, I don’t either. Have ANY of you actually put pen to paper and drafted a budget with the real spending cuts that are required to balance it?
I think not.
Gov Quinn has issued a challenge: Give me a true balanced budget with no tax hike, and I’ll sign it. Or, give me a true balanced budget with a tax hike, and I’ll sign it. Otherwise, it’s all meaningless hot air.