Thursday, Sep 18, 2014
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Income tax question looms as Gov. Quinn prepares for budget speech

Recent Comments

qfingers - Where $1 million is going at Quincy Regional Airport - Quincy, IL News - QuincyJournal.com
Perhaps...but once the FAA says it's needed you probably shouldn't wait for what is a routine maintenance task.
UrKidsWillPay - Strawman: A Society Out of Control........... - Quincy, IL News - QuincyJournal.com
I, for one, am tired of the media portraying the Ray Rice case as an issue of men abusing women. I haven't heard ANY of the talking heads mention that Janay struck Ray. That is domestic violence as well. I am not excusing Ray or blaming Janay. What I am tired of is domestic violence being portrayed as a MAN problem. Nurmerous studies have proven that domestic violence is perpetrated as often…
1950Brutus - Strawman: A Society Out of Control........... - Quincy, IL News - QuincyJournal.com
We only have ourselves to blame for a large part of this problem. For some reason we insist on putting people who can shoot a basketball, or carry a football, or hit a baseball 450 feet on a pedestal. This alone is not deserving of respect. The only difference between them and us is how much money they make. Money can’t buy you love and it can’t buy you respect either. I respect my mailman more than…
qfingers - QPD nabs 66 in latest STEP detail - Quincy, IL News - QuincyJournal.com
I do believe the way the QPD runs this is to simply look to see if you're wearing a seat belt or driving erratically or some other obvious violation. From there that can then lead them to other things once they check your license or can see inside your car but it's all based on probable cause. They can't even ask to search your car anymore like they used to do.
pamarshall - Where $1 million is going at Quincy Regional Airport - Quincy, IL News - QuincyJournal.com
So basically, repainting the runway...isn't considered an acceptable use of the grant money.

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Illinois' budget plan requires trust

6 months, 1 week ago herald-review.com

Five-year plan would allow the state to pay off its $5.4 billion of unpaid bills

From herald-review.com:

Chicago's Civic Federation has proposed a reasonable and balanced approach to extract Illinois from its current financial mess.

The problem is trusting the current state government to do anything that's reasonable and balanced.

The federation unveiled a five-year plan this week that would allow the state to pay off its $5.4 billion backlog of unpaid bills and would also avoid extreme budget cuts.

The plan calls for extending the temporary income taxes that are scheduled to expire at the end of this year for one year and then eliminating those taxes over the next four years. In addition the plan calls for taxing retirement income. Illinois is one of three states that exempts pension income from income taxes and one of 27 states that doesn't tax Social Security income.

Coupled with the pension reform proposal approved by the legislature, the Federation's plan ``would finally allow the state to move beyond what has become a perpetual fiscal crisis,'' Civic President Laurence Msall said.

The expiration of the lame duck tax rates at the end of this year will cause the state to lose more than $1.7 billion in tax revenues next year and more than $4 billion in fiscal year 2016. Gov. Pat Quinn has yet to unveil his plan for the taxes, although most expect the issue won't be addressed until after the November elections.

The tax issue is sure to be controversial and taxing the income of retirees will not be an easy sell.

The Federation should be applauded for putting forth a well-reasoned plan.

But the plan ignores this reality: Taxpayers have no reason to trust state government.

For example, when the lame duck tax increases were pushed through in 2011, Democratic leaders promised that the money would be used to pay off the backlog of bills and that pension reform would be addressed. Pension reform was delayed for nearly three years and while the backlog of bills has been reduced, it is far from eliminated.

Instead, we see a myriad of examples where state money has simply been wasted – the latest being Gov. Pat Quinn's questionable spending of $55 million to reduce violence in Chicago neighborhoods. In numerous ways, the state has used taxpayer money to continue its free-spending ways.

The Federation plan – at its most basic – is asking taxpayers to bail out state government for poor management in the past.

The issue boils down to a simple question: Given the state's track record, why should taxpayers trust our state government to use hard-earned taxpayer dollars wisely?

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