The purported $9 billion deficit in state revenues will be wiped out without raising the state income tax, according to Jim Tobin, President of National Taxpayers United of Illinois (NTUI). Tobin cited the massive funds Illinois will receive from the federal government’s “stimulus” package.
Read more →
Illinois
State Capitol Press Room
CHICAGO–Lavish, gold-plated pensions for retired local and state employees have created most of the current $9 billion state revenue gap projected through June 30, 2011, according to Jim Tobin, President of National Taxpayers United of Illinois (NTUI). Some Springfield politicians suggest a “solution” for closing this gap: Raise the state personal income tax as much as 67%. Gov. Patrick Quinn is expected to announce his support for the income tax increase on Wednesday, March 18.
