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Chicago – Tax Accountability (TA) has announced its endorsement of Representative Jeanne Ives for the March 20, 2018 GOP primary election.
“I am proud to announce the endorsement of such a qualified candidate in this critical race,” said Jim Tobin, Chairman of TA.
Representative Ives (R-42) has an impeccable tax voting record. During her tenure in the Illinois House, she as always ranked as a taxpayer friend in Taxpayers United of America’s tax survey. Astoundingly, she is also the first to receive a perfect 100% in the past 34 years .
Click to View Tax Survey of the 99th Illinois General Assembly.
Click to View Tax Survey of the 98th Illinois General Assembly
If that were not enough, Representative Ives has expressed a commitment to oppose the income tax increase amendment, which is a graduated income tax increase for Illinois. She has also pledged to support economic freedom by working to decrease the overall tax burden of Illinois taxpayers. Her commitment to these positions is the same as the mission of Tax Accountability: restoring economic freedom to Illinois.
“2018 will be a pivotal year for Illinois. Taxpayers are fed up with the corruption, cronyism, and abuse they have suffered at the hands of a long list of career politicians who see Illinois taxpayers as the source of their own personal wealth. The time is right. She has what it takes to win and to lead Illinois back to a vibrant, prosperous, and free economy.”
TUA exposing government pensions was featured on WTTW. Click here to view the news article.
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Chicago – Taxpayers United of America (TUA) has released its most recent government pension study exposing individual pensions for Chicago Municipal Government retirees.
“All of the top 200 Chicago pensions for the ‘poor civil servants’ are at least $100,000 a year,” stated TUA’s president, Jim Tobin. “The average retirement age for this group of pensioners is only 58. Social Security requires taxpayers to reach age 67 before they are eligible for full retirement benefits…which max out at about $32,000 a year”, added Tobin.
The Municipal Employees’ Annuity and Benefit Fund of Chicago, (MEABF) is predicted to be insolvent in 8 years, according to its most recent audit. The auditing firm estimated that taxpayers would have to deposit $1,005,456,621 to make the fund solvent. MEABF does not include Chicago teachers, police, or firefighters who each have their own pension system, all separate from the 6 statewide pension funds.
To pay for these lavish city pensions, Mayor Rahm Emmanuel is increasing and creating new “entertainment taxes.” Included in his proposed 2018 budget, are a measure to increase the current tax on some music and sports venues and a new entertainment tax on internet services such as Netflix, Hulu, Amazon, etc. The tax-per-seat will go up by 80 percent to 9 percent from 5 percent for tickets to concerts, plays or comedy shows for venues larger than 1500 seats. Victims of this tax increase include Wrigley Field, the home of the Chicago Cubs, and the United Center, home of the Chicago Blackhawks and the Chicago Bulls. There also is a new entertainment tax on major streaming services like Netflix. The tax on streaming services will extract $12 million from these companies, with the cost likely passed on to consumers.
“The state of Illinois is bankrupt. They can’t pay their bills because the outrageously rich government pensions rob the taxpayers blind. And there won’t be a bailout by the state for the city of Chicago – there just isn’t enough taxpayer money. Taxpayers would have to pony up about $1,005,456,621 to make the MEABF solvent!”
“At every level of government in Illinois, bureaucrats are trying desperately to prop up the failed pension funds with more tax increases. You can be sure that the historic increase in the state’s income tax won’t be the last one.”
“Here are a couple of examples of the ‘poor public servant’, taxpayer funded pensions:
Dennis J. Gannon collects an annual pension of $194,638. Assuming he leads a normal life of 85 years, that annual pension will accumulate to $7,791,985. Retiring at only 50, he will collect taxpayer funded pension payments for 35 years…far more years than he actually was employed by the city!
Then there’s Stephen M. Murray. Collecting an annual pension of $146,896 will provide him with an outrageous lifetime payout of $5,107,745. Keep in mind that he retired at only 53 years of age!”
Click below to view the top 200 pensions for Chicago Municipal Retirees:
“These government pensions are legalized theft. Overpromising benefits to government employees is pervasive throughout Illinois. The government pensions are singularly responsible for Illinois’ financial crisis.”
“We support Gov. Bruce Rauner’s plan to repeal the historic state income tax increase passed last year and resolve the pension problem through a change to pension protection clause in the Illinois Constitution,” concluded Tobin.
TUA Goes Into The Belly Of The Beast To Name Taxpayer Traitors Unes And Hammond
James Tobin | President
(312) 427-5128 | (773) 354-2076
FOR IMMEDIATE RELEASE
November 30, 2017
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Taxpayers United of America (TUA) sent its Director of Outreach, Val Zimnicki, into the districts of “Taxpayer Traitors” St. Rep. Michael D. Unes (R-91, Pekin) and St. Rep. Norine K. Hammond (R-93, Macomb), to alert their constituents that these two reps joined ten other Springfield Republican lawmakers in voting Yes to override Gov. Bruce Rauner’s veto of the huge, 32% Democrat-sponsored state personal income tax increase.
Zimnicki and local taxpayers handed out “wanted” fliers of the taxpayer traitors, showing their mugs behind bars, where some feel they belong. They informed voters that most of the $5 billion from this latest income tax increase will be funneled into the state’s floundering government-employee pension funds, just like previous tax increases, feeding the lavish, gold-plated pensions of these retired government employees.
“These Taxpayer Traitors made possible the largest permanent income tax hike in the state’s history, increasing the personal income tax rate to 4.95 percent from 3.75 percent, and the corporate income tax rate from 7.75 percent to 9.5 percent,” said Zimnicki.
“Elected officials who support tax increases should be thrown from office,” said Zimnicki. “The State of Illinois is in a financial death-spiral thanks to these Republican-In-Name-Only politicians, who joined forces with Chicago machine boss and Ill. House Speaker Michael Madigan in passing these back-breaking tax increases.”