Monday, Jul 6, 2015
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Income tax question looms as Gov. Quinn prepares for budget speech

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qfingers - Let’s kick God off the Court: Marriage isn’t the only place where the law has been infec
Sure it affects both sides....but it seems pretty lopsided. I have a cousin that refused to talk politics because she can't explain any of what she believes in. She worked on Obama's campaign but couldn't tell you why. And just like URKids on the Hester article disappeared when I started arguing his points. I'm actually quite convincable given enough facts to support a position.…
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How about Charles Manson as a point for your case.
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The liberal retort: " Disagree with ME? You're just WRONG!!"
ONCEMORE1 - Let’s kick God off the Court: Marriage isn’t the only place where the law has been infec
Hafta agree------I don't like Donald Trump, even think he's an A$$hole, but I gotta respect the way he says what he thinks and doesn't snivel, beg and apologize when people object.
1950Brutus - Two men shot in Quincy - Quincy, IL News - QuincyJournal.com
If I worked in the judicial system I would feel duty bound to adhere to the innocent until proven guilty doctrine. As an ordinary system I feel I can pass judgement on this any time I want - just as I am NOT duty bound to agree with the decision rendered by a jury a.k.a. OJ Simpson.

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Illinois' budget plan requires trust

1 year, 3 months 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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