* Reboot quotes House Speaker Michael Madigan about his tax hike plan…
It sounds like an easy sell to the Democrats who control the General Assembly and, should it succeed, to voters in November. And as Madigan pointed out, it’ll be a difficult “no” vote to a lot of Republicans.
“I would think that there would be Republicans from areas of the state where they don’t have any millionaires and they ought to take a good hard look at this and say, ‘Why not let the people decide,’” Madigan said. […]
Madigan even had an answer to those who will argue that his 3 percent “surcharge” will drive millionaires and their taxable incomes from the state.
“Well, if they’re in Illinois today they’re probably so much in love with Illinois that they’re not going to leave,” Madigan said at his press conference. “And they’ll be grateful for this opportunity to support lower education.”
I’m not sure many people are “in love” with Illinois government these days. And, also, “lower education”?
* The schools angle…
“I think that what we’re doing here is calling upon people in Illinois who are well-equipped to provide support for our education which is available to everybody in the state,” Madigan said.
Madigan says this works out to about $550 per student. Springfield’s District 186 is cutting staff, programs and security to deal with a $4.7 million shortfall. The so-called “millionaires tax” would give the struggling district $8.3 million to fill the hole and then some.
“If you’re a district, this is money you don’t have today,” Madigan said.
Rep. Rich Brauer says that’s not how schools should get relief. The Springfield Republican said the state should increase education funding by taking it out of entitlement programs.
I’d like to see Rep. Brauer’s list.
* How many people are we talking about here?…
Madigan said there are 13,675 millionaires in the state.
* Color me skeptical…
Madigan, who is also state chairman of the Democratic Party, said the amendment is not a shot at Rauner.
“It’s introduced today because we had some time to discuss it with our members in the House and it’s been well received,” Madigan said. “I happen to think this is a good idea. I’ve given a lot of thought to this. What we’re doing here is calling upon people who are well-equipped to provide support for education.
Yeah. Nothing about Rauner. Sure.
* Same goes for this…
On Thursday, Madigan said he had “not yet” decided how to address the question of whether the current 5 percent income tax rate should be kept in place.
“That’s a separate issue,” Madigan said. “This is separate from the question of whether the income tax increase would be extended.”
* Best line of the day…
The speaker was asked if the tax hike would apply to him. “Do I make a million dollars…The answer to your question, in a good year, I would be subject to this,” Madigan replied.
Asked if he’s been having good years, the soon-to-be 72-year-old speaker replied, “At my age, any year is a good year.”
* Reboot also compiled video highlights…
* Meanwhile, let’s look at some react to Madigan’s millionaires tax hike from a different angle. First, the Illinois Federation of Teachers…
“Given the drastic cuts to education in recent years, and the threat of cutting nearly $1 billion more in this year’s budget, we are encouraged by the Speaker’s proposal to invest more money in public education for our children. This is a very positive first step in moving us toward a fair tax system in Illinois, with lower rates for lower incomes and higher rates for higher incomes. It also begins to address our twin problems of inadequate and inequitable school funding, and we look forward to discussing it further.”
The so-called Fair Tax has long been dead and Madigan’s proposal just sticks yet another fork in it.
* A Better Illinois is the group pushing that “Fair Tax” proposal…
We agree with Speaker Madigan that millionaires should pay a higher tax rate than minimum wage workers and the middle class.
We appreciate the Speaker’s first step toward averting the pending fiscal cliff, and remain committed to long-term, structural reform that addresses our need for stable and sustainable revenues to invest in our state’s most important priorities – education, health and human services, and public safety.
Our campaign also remains committed to giving a voice to the 77% of Illinoisans who support a Fair Tax – including tax cuts for the overwhelming majority of lower and middle income families – by working with legislators in both chambers so voters can make the ultimate decision on this November’s ballot.
* A Better Illinois carefully tested the language of support for the proposal. But We Ask America also tested the proposal three different ways in three different polls in order to test various messages and came up with these results…
* Illinois currently has a flat-rate income tax where lower-income wage earners pay the same percentage as those making millions of dollars a year. Supporters of a proposed graduated income tax say they have a plan that would lower tax rates for 90 percent of Illinois taxpayers while increasing rates on higher earners. Would you support, or oppose such a plan?
Not Sure 14%
* Would you support or oppose a change in Illinois’ income tax that would grant lawmakers broad authority to more easily raise tax rates—even on middle class workers?
Not Sure 7%
* Some Illinois lawmakers have proposed a constitutional amendment to change this state’s income tax from a flat rate where everyone pays the same percentage, to a graduated rate that requires a higher percentage paid as your income increases. We’d like to know whether you generally approve, or disapprove of a constitutional amendment that would change the state’s income tax from a flat rate to a graduated rate.
Not Sure 17%