Pritzker Celebrates Victory On Income Tax Plan

Voters will decide whether to change Illinois’ income-tax structure after the House approved a constitutional amendment on Gov. J.B. Pritzker’s graduated tax proposal.

The House voted 73-44 Monday to put the question on the November 2020 ballot. It needed 71 votes. Republican state Reps. Dan Brady and Keith Sommer, who each represent parts of Bloomington-Normal, both voted against the measure.

Voter approval would mean eliminating the current flat-rate tax of 4.95%. Pritzker, a first-term Democrat, intends that a progressive structure would increase taxes on incomes higher than $250,000. Pritzker says 97% of taxpayers would pay no increase in taxes.

The amendment does not specify what rates would apply to income levels. That must come in separate legislation.

State Rep. Robert Martwick, a Democrat from Chicago, said this change is what Illinois needs to begin digging out of its deep financial hole.

“This is an opportunity to fix the problems of Illinois, and begin re-establishing the services government is supposed to deliver,” Martwick said.

But minority House Republicans complained that the proposal amounts to a tax hike and allow runaway Democratic spending.

Illinois Republican Party Chairman Tim Schneider said it was “disappointing, but not surprising, to see Democrat lawmakers decide that a blank check from Illinois taxpayers is the solution to our financial issues.

“It’s not surprising because it’s been their agenda for years,” he said in a statement. “Raising taxes yet again and asking for more from the most overtaxed group of people in America is not a solution to our problems, it unfairly punishes taxpayers for problems they did not create. We need to reform the way we do government in Illinois before ever thinking about taking more from our hard-working families.”

Pritzker and lawmakers also announced the creation of the Property Tax Relief Task Force, designed to make recommendations that would give homeowners across the state property tax relief. The group would be required to report back to the governor and the General Assembly by Dec. 31, 2019.

“For far too long, families across Illinois have struggled under too-high property tax burdens and an unfair income tax system that protects the wealthiest,” Pritzker said. “This task force is a commonsense addition to the fair tax, which aims to protect the middle class and those striving to get there while those making $250,000 and above pay more.”

The Senate approved the plan May 1.

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Region: Bloomington,Feeds,News,City: Bloomington,Region: Central


May 27, 2019 at 06:32PM

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