Want the ‘Temporary' Tax to Expire? Sign Our Tax Petition.
In the Illinois House, working groups have been meeting on crafting a new state budget for Fiscal Year 2015. As we move through the appropriations process, it's becoming more apparent that Democrats are committed to building a budget based on making the 67% ‘temporary' income tax increase on families and employers permanent. In fact, at one working group meeting, the Democrat chairman requested the Republican members to leave if they did not support working with a higher revenue number that would be used if the tax is extended.
By the end of this calendar year, the ‘temporary' Democrat tax increase will have taken $31 billion from Illinois working families and small businesses.
If the Democrats make the tax hike permanent, next year's revenues will total $38.6 billion, an all-time record. Over the past 10 years under one-party rule state general revenue funds (GRF) spending has increased by $16 billion. Illinois does not have a revenue problem - it has a spending problem.
Hardworking taxpayers can't afford another tax increase and raising taxes does nothing to help the 550,000 unemployed Illinoisans to find work. If you agree, please click here to sign our tax petition which we will share with our colleagues in the Illinois House.
Rather than raising taxes, Republicans believe we should be focusing on policies that will grow the economy and create good jobs for Illinois families. And, we believe we can pass a responsible budget that allows the tax increase to expire while eliminating wasteful spending.