Why is Pritkzer keeping his tax plan secret?


A logical and urgent question to ask J.B. Pritzker, Democratic candidate for governor, is “What’s your tax plan?” In fact, it’s such a basic question that we’ve asked him, and asked him. So have lots of other people. If only he’d tell voters how many more billions of dollars he wants to collect, and from whom?

Illinois is in financial crisis, with $130 billion in unfunded government pension liabilities and an unbalanced budget. Job growth is too slow. Residents and employers are leaving for better economic climes. Reviving Illinois is going to take some doing. Pritzker says if he’s elected he would try to change the state’s taxation system. But for well more than a year he has refused to disclose, beyond the vaguest generalities, what his proposal is.

Voters have a good idea of what Gov. Bruce Rauner, the Republican candidate, would do. He tried to push a reform agenda through the Democratic-controlled General Assembly but was stymied by House Speaker Michael Madigan and Senate President John Cullerton. Rauner is asking for another term to try again. He’d like to ease the 32 percent rate hike that legislators imposed over his objection last year.

Pritzker’s big idea is to generate more revenue from taxpayers by shifting Illinois to a progressive income tax system. Illinoisans pay a fixed rate, which is currently 4.95 percent. Pritzker wants Illinois to switch to a sliding rate scale, called a graduated or progressive rate income tax. But he won’t say how his plan would work or what the rates would be.

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Feeds,Region: Chicago,Editorial,City: Chicago,Opinion

via Editorials – Chicago Tribune https://ift.tt/1CHi096

September 28, 2018 at 03:57PM

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