One year anniversary of Illinois income tax hike has Sen. Johnson looking for more long-term solutions
One year ago, the Democrats in the Illinois Legislature pushed through a 67 percent, $7 billion tax hike that will cost every working Illinois family a week’s pay every year.
“Unfortunately, we have little to show for the largest tax hike in Illinois’ history,” said State Senator Christine Johnson (R-Shabbona).
“A year later, our unemployment has gone up and as of November was 16 percent above the national average, business has gone down, and billions of dollars in unpaid bills remain. To sum it up, the tax increase did not work and it is time to repeal it.”
With state finances crumbling, Democrat leaders pushed the 2011 three-year tax hike as a way to pay off old bills and resolve the state’s financial problems. However, Johnson said the legislature continued to spend like the increase was permanent leaving Illinois little room to improve our financial situation.”
Last week Gov. Quinn released budget projections showing that instead of generating a surplus, the Fiscal Year 2012 budget still spends more than state takes in. In fact, according to the Governor, Illinois will still see a $500 million shortfall at the end of this fiscal year—not including $2 billion in deferred obligations according to Sen. Johnson.