Tuesday, Jul 28, 2015
Quincy, IL News - QuincyJournal.com

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Income tax question looms as Gov. Quinn prepares for budget speech

Recent Comments

db1998 - Shooting near 8th and York - Quincy, IL News - QuincyJournal.com
Let's just hope that certain people aren't involved. Like the mother of a little boy that was murdered last spring. Her name was all over the scanner this morning. That would be a sad little circle if she was somehow involved in this. She has a black car, and lives right where the car was stopped. hopefully we have come a little farther in life than that. Please.
WarCry - Seven Dead, 34 Hurt In Weekend Shootings In Chicago - Quincy, IL News - QuincyJournal.com
Chicago no longer has the toughest gun laws in the country. Regarding handguns, they have the same laws as the rest of the state. That was part concealed carry law in 2013, eliminating "home rule" laws regarding handguns. It doesn't matter, though, because regardless of what gun laws are in place or not, it's still illegal to shoot people in almost all circumstances.
WmMunny - Projected remaining Cleanup cost; at least $1.26 Million - Quincy, IL News - QuincyJournal.com
"Tree scape". A fiscal conservative would at least postpone an elective expense like this. Time to re-build cash reserves, then prioritize.
GuyFawkes10 - Senate takes rare Sunday votes, but real drama is GOP leaders\' rebuke of Cruz - Quincy, IL News - Q
One of he few that stands up for what he believes. I don't think any want to take him on head to head but hide behind the procedural rules. Senate is a joke with McConnell, no better than Reid. He lied to get re elected in his state so why would Senate be different?
pjohnf - McConnell Angers Conservatives By Blocking Defunding Planned Parenthood, Kate’s Law - Quincy,
Makes one wonder if McConnell is a republican or the new democrat Harry Reid? McConnell apparently supports the baby butchers, illegal alien criminals, crony capitalism through E/I bank and obstructive legislative leadership. In other words, nothing has changed in congress with the GOP in charge.

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1 year, 4 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?

Click Here to Read Full Article


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