Pritzker Administration Thinking Big: Big Taxes, Big Spending = Big Mess
By Ideas Illinois
Pritzker Administration Thinking Big – Big Taxes, Big Spending = Big Mess
Deputy Governor Hynes Previews Pritzker Plan Which Sounds A Lot Like The Same Plan That Put Illinois In This Mess
Deputy Governor Dan Hynes delivered a speech yesterday to the City Club in Chicago to preview Governor Pritzker’s fiscal plans for Illinois. During the portion of his speech discussing Illinois’ massive underfunded pension problems, Hynes said:
“when the fair tax becomes law, we will create a new revenue source dedicated specifically to pensions. The state will commit to using $200 million a year directly to pensions…”
“Regurgitating the same failed proposals that landed Illinois in this fiscal mess is not thinking big. It is thinking like a failure,” Greg Baise, Chairman of Ideas Illinois, said. “And now the administration is spending money from a tax increase that hasn't even passed.”
In addition to proposing to partially fund Illinois’ pension problems with a Jobs Tax that has yet to be approved by the voters, Hynes also proposed a pension holiday similar to that of the Blagojevich Administration.
Earlier this week, Ideas Illinois called for any Republican or Democrat to release their own full personal tax returns before they support or sign the third income tax hike on Illinois families in the last 8 years.
Ideas Illinois is a new initiative of The Coalition for Jobs, Growth and Prosperity is committed to improving and growing Illinois’ economy by promoting free-market principles anchored in a reasonable and predictable tax system.
The Coalition was established in 2004 to advocate for government policies that promote market-driven principles. Since that time, the Jobs Coalition has been the tip of the spear in a number of statewide and national campaigns, including the 2004 fight in Illinois against Rod Blagojevich’s gross receipts tax, the national 2009-2010 fight against pro-union “card check” legislation, and the 2017 fight against the “soda tax” in Cook County.