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NEW PROPOSALS TO HELP LOW-INCOME TAXPAYERS

View As PDF A new book issued by the nonpartisan Washington-based Tax Foundation puts forward several tax proposals that would help low-income taxpayers with little impact on overall economic growth. The foundation’s Alex Durante...

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PRITZKER PUSHES DESTRUCTIVE TAX INCREASES WITH NO REFORMS

“Illinois Governor Jay Robert ‘J. B.’ Pritzker is pushing the Illinois General Assembly to take action by the end of this month, when the fiscal year and the legislative session ends, on numerous destructive tax increases,” said Jim Tobin, economist and president of Taxpayer Education Foundation (TEF). “It should be noted that Pritzker includes NO reforms in his proposals.”

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General Assembly Retirement System Creates Taxpayer-Funded Millionaires

“The surest way to wealth during the Covid economy is to have an Illinois state government pension,” said Matthew Schultz, executive director of the Taxpayers Education Foundation (TEF). “TEF has analyzed the six major pension funds, and the first study we are going to release is about the worst offender: GARS, (the General Assembly Retirement System).”

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Biden Celebrates Amtrak Boondoggle To Plug $2.3 Trillion Infrastructure Boondoggle

“It is fitting that President ‘Uncle Joe’ Biden chose Amtrak’s 50th anniversary celebration to plug his proposed $2.3 trillion ‘infrastructure’ proposal,” said Jim Tobin, economist and president of Taxpayer Education Foundation (TEF). “Amtrak is the gift that keeps on taking. It’s like going to the store and paying $1,000 for a jar of honey. The product is sweet, but the cost is horrendous.”

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Illinois Among States Least Preferred For Doing Business By CEO Ranking

“When it comes to the three criteria CEOs tell us they value most in site selection—tax policy (37 percent rank it first), regulatory climate (35 percent) and talent availability (25 percent)—Texas and Florida outclass all comers,” according to Chief Executive magazine. As Kathy Mussio of Atlas Insight put it, speaking of Florida, “Sunshine, low taxes, Covid openness: What talent wouldn’t want to move there? You can save enough in taxes…to make a down payment on a house in Florida.”