Illinois Review –
By Benjamin VanMetre –
The average Illinois family will be forced to pay thousands of dollars in higher taxes if Gov. Pat Quinn has his way.
Illinois state government is predicting it will collect about $34.9 billion in tax dollars next year. So naturally, that’s how much Illinois state government plans to spend next year, right? Wrong. Quinn is pushing a budget for next year that spends more than $38 billion!
Why so high? Because Quinn plans to raise taxes on Illinoisans again.
In 2011, Illinois politicians passed a record state income tax hike. They promised the tax hike would be temporary. Under state law, the state tax rate will drop to 3.75 percent, from the current rate of 5 percent.
But Quinn wants to take away the tax cut he promised us. He wants hardworking families to keep paying the 5 percent rate.
According to Quinn’s own budget estimates, taking away the 2015 tax cut means Illinois families and businesses will fork over to state government more than $30 billion in higher taxes over the next five years alone.