Monday, Sep 1, 2014
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Income tax question looms as Gov. Quinn prepares for budget speech

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AdamsCountyGuy - Durbin makes fund-raising stop in Quincy - Quincy, IL News - QuincyJournal.com
Was there anyone at this thing except other politicians and some media? I have a hard time believing this clown has much support in this area anymore.....
LNeck2012 - Lovelace\'s first court appearance tentatively scheduled - Quincy, IL News - QuincyJournal.com
I repeal what I said. I did not know that. I thought the umbrella of spousal privilege stop the spouse from testifying, even if they wanted to. Maybe ole' Dick Wolf should have looked into that better.
pjohnf - Governor hopefuls rip each other on hiring, taxes - Quincy, IL News - QuincyJournal.com
Pat Quinn, Rauner uses his own money to create wealth and jobs, whereas Quinn uses tax dollars to buy votes and keep power.
pjohnf - Oberweis gaining on Durbin in IL U.S.Senate race - Quincy, IL News - QuincyJournal.com
"Durbin was beating Oberweis in Chicago and suburban Cook County." Wow that's a news flash, the corrupt democrats have Chicago and Cook county in their pocket with the good old boy network handing out government jobs and spending tax dollars to buy votes. I'd like to think Oberweis has a chance to get rid of Durbin but with Chicago and Cook county voter fraud and vote buying I just don't…
XBgCty - Rauner to make Quincy stop on Saturday - Quincy, IL News - QuincyJournal.com
I have heard from MANY voters here, that number 1, never saw the person passing the petition around (the one in California) and number 2, that they were told the petition was for term limits and other lies, NOT for a Libertarian candidate. The democrats in this state want a libertarian on the ballot, to help democrats. So a vote for any other candidate is a vote for Quinn, and a wasted vote. A vote…

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Illinois' budget plan requires trust

5 months, 3 weeks 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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