CHICAGO–Gov. Patrick Quinn’s plan to raise the Illinois corporate income tax to 9.7% would make Illinois’ tax the fifth highest in the country, and would prevent the creation of 70,000 jobs, charged Jim Tobin, President of National Taxpayers United of Illinois (NTUI). Furthermore, Quinn is misleading the media by using the incorrect figure for the current state corporate income tax, making it sound much lower than it is. Read more →
CHICAGO–The president of Illinois’ largest taxpayer organization questioned whether anyone in Springfield actually knows or even cares what the budget “deficit” really is, in view of the multiplicity of figures thrown out by the governor and state legislators. “It seems like the governor and his legislative buddies are plucking numbers out of the air,” said Jim Tobin, President of National Taxpayers United of Illinois (NTUI).
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The unfunded portion of Illinois pension funds now stands $70 billion. That total can and should be substantially reduced without raising the state income tax, according to Jim Tobin, President of National Taxpayers United of Illinois (NTUI). In addition to the $11.5 billion the state will receive over the next 20 months from the federal government’s ‘stimulus’ package, unfunded pension problems for new hires can be avoided.
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