My View: Fair Tax levels the playing field

http://bit.ly/2JEUHV1

By Michael T. Carrigan

Monday

May 13, 2019 at 4:02 PM May 13, 2019 at 4:02 PM

It’s a simple proposition, really.

The Fair Tax proposal being debated in Springfield is simply about leveling a playing field that for too long has been tilted to one side. Since enacting a state income tax, Illinoisans have been taxed by using the same rate for lower incomes as the wealthy. Simple math helps us arrive at the conclusion that middle and lower income families carry a heavier burden under this system. More of their income needed for daily living expenses is used on taxes than that of the wealthy.

There will be much debate, conflicting studies, opinion polls and demagoguery. But in the end, we are left with common sense and our deeply rooted belief as Americans in fairness and equality.

A prosperous economy hinges on a healthy middle class — both earning good wages and spending on goods and services that keep businesses thriving. The regressive “flat” tax in Illinois penalizes the middle and lower income earners while rewarding the wealthy.

The Fair Tax seeks to even the scales by placing higher tax rates on the wealthiest in our state; in fact 97 percent of taxpayers would see no increase or pay less in taxes under the proposal being debated at the State Capitol.

For a variety of reasons — both on the national and state levels — income inequality has increased dramatically in the last 30 years. The middle class has shrunk and wealth has concentrated in fewer and fewer hands. The remedy for this scourge doesn’t come in one pill, but the Fair Tax is a strong step toward a cure.

The Fair Tax remedy will not only provide an avenue to equality in taxes, but will also boost revenue so we can invest our way to better days.

Gov. JB Pritzker has taken office facing a gaping budget deficit, a mound of unpaid bills and vital services that need resources after years of neglect. Pritzker’s Fair Tax proposal will generate billions in revenue that will not put Illinois on more solid financial footing and allow for those critical investments in services, such as schools and public safety.

We all need to contribute toward the common good through our taxes. Those that have benefited the most should contribute more.

“The man of great wealth owes a peculiar obligation to the State, because he derives special advantages from the mere existence of government.” — Theodore Roosevelt

Michael T. Carrigan is president of Illinois AFL-CIO

26-Delivered,22-Talk,16-Econ,AllPolGA

Columns,Region: Northern,Region: Rockford,Opinion,City: Rockford

via Columns – Rockford Register Star http://bit.ly/2G3j7p0

May 13, 2019 at 04:04PM

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