Deputy House Republican Leader Dan Brady and his Republican colleagues today filed House Resolution 153 stating their united opposition to raising taxes on working families and small businesses through the implementation of a graduated income tax – an “Unfair Tax.” Brady (R-Normal) said he’s open to discussions on options for funding budget priorities, but tax increases that will drive more families and businesses from our state isn’t the answer.
“When considering a Constitutional Amendment voters need to have all the details. At this point, we don’t have any of the proposed tax rates for the Governor’s plan, “Representative Brady said. “Once we have those details I’m open to discussing them with the Governor as I hope he is open to sitting down with us and discussing our proposals and concerns. But a tax increase on working families would be a non-starter.”
In his Budget Address last week, Governor Pritzker called for the passage of a progressive income tax to fund state government and help pay down Illinois’ $130 billion in unfunded pension liabilities. The Governor did not provide details on what the tax rates and tax brackets would look like. Last year, a House Democrat sponsored House Bill 3522, which sought to impose a graduated income tax. Under that plan, the non-partisan Commission on Government Forecasting and Accountability revealed that 77% of Illinois taxpayers would see an increase in their income tax liability for a total of over $5.2 Billion in new taxes.
“We’re starting a new spring session with a new administration, but it appears that all they are offering so far is more of the same failed tax and spend proposals that got our state into the financial mess we’re in. More taxes won’t help, but more job opportunities will. It’s time to shift our focus to policies that will help attract and grow jobs to provide the money our families and our state need to prosper,” Representative Brady said.