Steve Balich Editors note: Passing the Fair tax can result in even higher taxes because they can get increases every time they see fit. Governor Dictator JB Pritzker and the Democrat machine need to examine spending and the cost of corruption. Cut the size, or keep the size of government the same is is a novel idea the Democrat controlled State will never talk about.
The Democrats in Illinois want everything shutdown so the State looses money, business, and people. Democrats don’t care because the people that can’t leave will pay. Maybe that’s why they falsify numbers for testing. If your company has you test and you have no symptoms, that is 1 test. Each time you test thereafter is 1 test for each time. End result you could test 4 or 5 times as positive before getting a negative which jacks up the positive rate used to keep the lockdown going. If you die of a heart attack but had no symptoms but tested positive that is a covid death.
Lets just say Madigan and the first thing you think of is corruption. JB Pritzker you think corruption and a tyrant. Be careful Will County Chicago and Springfield are coming for you assets, and cash with Jenifer Bertino there hand picked person for Will County EXC.
VOTE NO TO THE PROGRESSIVE TAX IT IS A RIP OFF FOR EVERYONE!!!!!!
Lt. Gov. Juliana Stratton says lawmakers will be forced to consider 20% income tax hike if voters nix graduated tax amendment
By Cole Lauterbach | The Center Square(The Center Square) – Illinois taxpayers, who already have one of the nation’s highest overall tax burdens, could see a 20% income tax hike if voters don’t approve of Gov. J.B. Pritzker’s “fair tax” constitutional amendment in November.
Lt. Gov. Juliana Stratton said on a conference call Thursday that the state would have to raise income taxes by $4 billion, more than the income tax amendment would have brought in before the Pritzker administration’s shutdown orders ground the state’s economy to a crawl amid the pandemic.
“To adequately address the budget crisis under our current tax system, lawmakers will be forced to consider raising income taxes on all Illinois residents by at least 20% regardless of their level of income,” she said. “We all know that our middle and low-income families cannot withstand a 20% tax increase and it will only serve to deepen the dramatic inequities that we already see across the state.”
A 20% income tax increase would put the state’s income tax rate at 5.94%. This would also be the highest personal income tax rate in Illinois history. In 2011, lawmakers increased the income tax to 5% and allowed part of it to sunset before raising it again to 4.95% in 2017.
Knowing the pandemic would hobble the state’s revenue, Pritzker enacted a $43 billion budget that relies upon loans and the uncertain prospect of untethered federal aid.
Stratton stressed that an income tax increase of that proportion would hurt the state’s economy, already ailing from the pandemic and “deepen the dramatic inequities that we already see across the state.”
If approved, the progressive income tax amendment would increase taxes on those earning more than $250,000 to 7.75%. It would scale up to 7.99% at income over $1 million, also retroactively taxing all lesser income at that higher rate once the filer earns that much.Cole Laterbach Staff Reporter The Center Square
