Will Pritzker Veto Any Temporary Income Tax Hikes?

By Ideas Illinois

Will Pritzker Veto Any Temporary Income Tax Hikes?

Temporary Income Tax Early Idea Floated Last Week Immediately Panned as Broken Promise 

Following reports last week that his administration is considering a temporary income tax increase as a "bridge" to a massive Jobs Tax in 2020, Governor Pritzker this weekend previewed his upcoming budget claiming it does not include any revenue from such an increase. Left unanswered, however, is whether he would veto such an increase should the General Assembly include it in any budget they pass.

“Unfortunately, Illinois families are far too familiar with politicians saying one thing and going to Springfield and doing another” Greg Baise , Chairman of Ideas Illinois said. “Governor Pritzker should make it clear that he is committed to vetoing any temporary income tax increase on Illinois families.”

After reports of the temporary tax proposal surfaced last 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.  

“A last-minute temporary income tax increase is right out of the Springfield playbook,” said Baise.  “We are committed to holding our elected officials accountable for the promises they made to Illinois families.”

Governor Pritzker’s preview also highlighted several large spending increases including paying for the increase of the minimum wage in Illinois to $15, which passed the General Assembly last week.  This is in addition to the projected $3.2 billion deficit and massive debt from unpaid bills.   

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.  

Evan Walker