Illinois Senate and House Republicans united against a progressive
tax
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[June 29, 2013]
SPRINGFIELD -- Even though the
Illinois House and Senate are not currently in session, Republicans
are warning Illinois residents that top Democrats and dozens of
Democratic lawmakers have introduced legislation calling for a
progressive income tax effective immediately upon adoption, calling
the tax "a mechanism to increase revenue to fuel more spending."
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"Every time we have an economic recovery, it's generally small
business that leads the way," said state Rep. Rich Brauer. "If we
want Illinois to pull out of the recession, it's counterproductive
to put new taxes on small businesses and individuals." Democrats
pushed the largest income tax increase in Illinois history, a 67
percent increase, just two years ago, promising taxpayers that part
of it would be temporary and would revert to original levels at the
beginning of 2015. But now, those leaders are starting to push a new
tax increase in the fiscal 2014 state budget, which, Republican
leaders advise, will negatively affect small businesses and family
farms.
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According to the comptroller's office, Illinois' backlog of unpaid
bills is $3.5 billion, with over 70,000 vendors owed. Illinois now
has the worst credit rating in the nation. The governor's office is
estimating that interest losses on a state bond issue will be $130
million over the 25-year life of the construction bonds that were
issued just this week.
[Text from news release sent on
behalf of
Rep. Rich Brauer
by Illinois
Senate Republican staff] |