Illinois Governor Pat Quinn is asking for a third more taxes from a state that ranks as worst in the nation for economic condition. Under Quinn’s proposal taxes would increase from 3 to 4 percent to help pay for unpaid Illinois education debts.
Residents of Illinois may not fully understand the critical nature of the economic crisis as addressed by the Governor’s proposals but most Illinois voters have some knowledge of the “Chicago Way” that pervades the state run operations. It’s therefore predictable that many look upon his proposal with skepticism.
Republican Response: Pat Brady, Illinois Republican Party Chairman.
Now at $13 billion in the red, Illinois needs to start with widespread reforms and spending cuts to fix our economic landscape. Only when the voters are confident our state government can be trusted to spend their taxpayer dollars should we start talking about increasing taxes."
In addition to raising taxes his latest proposal includes some spending cuts and borrowing more money. Even with this plan, some bills would remain unpaid. Borrowing money means paying back future money with interest, which in turn means mortgaging the states future growth and opportunities.
Quinn proposal would raise the state’s 3 percent flat income tax rate to 4 percent. Cut $2 billion. Borrow $4.7 billion. Delay payment on $6 billion in backlogged bills.
Unpaid pension funds and other socially engineered programs figure heavily into the current economic crisis in Illinois. The budget deficit is estimated at $13 billion and Quinn states it is an urgent situation.
Will the people of Illinois understand the need for a tax increase as Quinn believes they will, or will they insist on spending reform that will prevent the enormous shortfall in the state run education systems? Will the teachers demand their union retirement funding while residents cut back on spending for food, housing, and energy use?
In a related story; Pay for Play is getting attention in education scholarships
State lawmakers today approved legislation that would put new restrictions on a much-criticized, century-old legislative scholarship program in which the perks sometimes went to to relatives, cronies and political donors.