In a Capitol press conference on Tuesday, State Representatives Grant Wehrli (R-Naperville), Mark Batinick (R-Plainfield) and Jeff Keicher (R-Sycamore) renewed their opposition to Illinois Democrats’ latest attempt to raise taxes on Illinois families and businesses. This latest tax hike proposal, spearheaded by Governor JB Pritzker, calls for removing the flat rate income tax guarantee from the Illinois Constitution.
“This proposal will not solve Illinois’ financial problems; it simply provides new revenue for new spending,” said Wehrli. “Illinois Democrats increased taxes in 2011 and again in 2017, yet our debt is higher than ever. The Governor has proposed no spending controls or reforms to how Illinois does business. Instead, they are once again reverting to their intellectually lazy solution of increasing taxes on Illinois families.”
The tax rates proposed by the Pritzker administration would result in a $3.4 billion tax hike on Illinois families and businesses by changing the current flat rate of 4.95% to a graduated tax rate including six tax brackets. Many families and small businesses would pay a higher income tax rate of 7.75%, with Illinois’ highest earners paying a 7.95% tax rate. As many small business owners file their tax returns as individuals, Pritzker’s tax hike would hit Illinois small businesses especially hard.
“Democrats could enshrine specific rates in the graduated income tax legislation, but they’re not doing that,” Wehrli said. “They are structuring this proposal as a blank check from the taxpayers of Illinois with rates that could be increased at the whim of the General Assembly.”
Click here to watch the full press conference.