*** UPDATED x1 Quinn backs away from tax and fee list *** Capital plan revenue falls short, Quinn wants more cash, legislators unwilling so far
Friday, Dec 14, 2012
*** UPDATE *** Gov. Pat Quinn told reporters today that some of the items on the tax and fee hike list weren’t his, except for the loophole closings, which he’s supported for a long time. The elimination of tax breaks for ethanol, for instance, came from the corn growers, Quinn said. Other tax and fee ideas came from members. He said he didn’t now much about some others, including the frack tax. But he did say that driver-related “loopholes” would have to be closed. Listen…
* The 2009 capital plan relied on several different revenue sources, including a sales tax on candy. Another of those sources was video gaming, which has just now got off the ground. Gov. Pat Quinn says the program is in need of more funding because of a $300 million shortfall, and he’s given legislative leaders some options…
Again, these are just proposals, and from what I’m hearing, they’re not going over very well in the GA. So it could be back to the drawing board for Quinn.