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Pritzker s budget pushes 9 new taxes worth nearly $1 billion

The budget proposal includes no reforms to pensions or other cost drivers, misleadingly labels various business tax increases as ‘closing corporate tax loopholes,’ and relies on gimmicks that conceal true deficits. And there’s a new gas tax.

Capitol Fax com - Your Illinois News Radar » Pritzker SOTS/Budget address react

Wednesday, Feb 17, 2021 This post will be updated, of course. Posted in the order they were received. First up, the IFT… Westmont, Illinois – Following Governor Pritzker’s budget address, Illinois Federation of Teachers President Dan Montgomery released this response. “Despite the pandemic, Governor Pritzker has made huge strides in moving our state forward. We’re pleased to see that his proposed budget does not rely on increasing taxes or layoffs that would only hurt working families. We support his decision to close corporate tax loopholes to fund vital services and protect our hardest hit. “When it comes to funding education, the Governor has done the best he can with the dire fiscal hand he has been dealt by COVID and the millionaire-led effort to prevent fair taxation in our state. When Illinois adopted the Evidence-Based Funding (EBF) plan, we all hoped education dollars would flow to our neediest communities and the state’s share of education funding wo

Manufacturer Worries Heading Into New Administration

WBGZ Radio 12/11/2020 | By Cole Lauterbach - Illinois Radio Network Illinois manufacturers are concerned that presumptive President-elect Joe Biden will not only hike taxes and create more red tape than President Donald Trump but would take a weaker stance on Chinese companies stealing their products and illegally recreating them. In a survey conducted last month, 62% of the 162 Illinois-based manufacturers who responded say they’ve got less confidence in their business’ outlook under a Joe Biden presidency.  The survey didn’t elaborate on specifics but the Technology Manufacturer’s Association of Illinois, who conducted the survey, said employers fear Biden’s administration would hike taxes, introduce new regulations, and fail to keep the pressure on China for their theft of intellectual property. 

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