Four times, I asked @JulianaforLG for specifics about @JBPritzker's proposed tax rate structure. Four times, she said it will be negotiated with the General Assembly, indicating voters will have to elect them first and find out how much it will cost them later. pic.twitter.com/wMSaqsHTwa
Neither party will cut anything, each party will raise taxes, sell more bonds and rinse and repeat. What a mess. Neither JB or Bruce would hire a CEO for one of their companies with a plan that says we will figure it out AFTER you hire me. LOL.
To use a game show reference, this feels like Let’s Make a Deal where the voters are offered what’s behind Curtain #2. Except for the fact that we’re almost certain to get Zonked.
Rauner will never admit what needs to be done.
If she and JB are honest, all it will do is give Rauner something to use. It will not force him to be honest.
Also, are they expecting someone else to be leading the GA come January? If not, feel free to get the Speaker and Sen. Cullerton on the horn right now and hash this out.
- People Over Parties - Thursday, Aug 30, 18 @ 4:01 pm:
===There is absolutely no upside to her to answer.===
It would be nice if they didn’t become the exact mirror image of the person they’re trying to replace and differentiated themselves a little bit by providing some information to voters on a quite ambitious proposal.
Why do you all think it is going to cost more for a 100% of the voters? With a graduated tax rate the richer of us will pay more but the middle and lower will pay less.
JB has to have a plan of some kind doesn’t he? A starting point to begin the process? Or is he leaving that up to Mike Madigan and John Cullerton? Keep telling us you’re different JB. We know better.
Tell Mark to go press Bruce Rauner on his issues platform and record.
- Last Bull Moose - Thursday, Aug 30, 18 @ 4:25 pm:
As readers here know, a progressive state income tax is not happening soon. It has to get through the GA and then win the referendum.
The State needs money now. What increase in the flat rate is needed to fund operations, pay down bills, and start cutting the unfunded pension liability. My guess starts at 6%.
California is always bashed for having outlandish state taxes but their rates graduate up from 1% to 13% in increments of income. Income under $40,000 a year is taxed at about 1.5% and Income over $1.1 million is taxed at 13%. So those making $40K in California are taxed much lower than the 4.95% they are charged here and those making millions in Illinois are paying much much less here than in California. Many more make 40K than make millions. They would receive a tax cut if Illinois had a graduated plan like California.
With all of Illinois’ debt and JB planned spending, count on his progressive tax brackets being not what the middle class plans on them being. In other words the middle class will pay more.
Anonymous - The break-even point where a single worker would pay higher state income taxes in CA than in IL is $59,500. It escalates quickly above that. It’s 6% at $80K, then 7% at $113K, and so on. If JB thinks working families making over $60,000 should pay more, why doesn’t he come out and admit it?
The truth is, 50% of the tax filers in IL make under $40K but only account for 10% of the state income tax revenue. How much of a tax cut can you offer that rather large group when there isn’t much to cut?
City Zen - You said single workers in CA making 60K and under is the break even point and then pivot straight to a working family. Joint Filers break even point in CA is $120k so your point is not valid. Your second point is the definition of why progressive tax rates are much more fair.
- Forgetting Robert Marshall - Thursday, Aug 30, 18 @ 4:54 pm:
Rich - All state income tax rates I quote are effective tax rates in all my posts on the subject. I do not include personal/standard exemptions. I am good with spreadsheets, but not that good (or haven’t tried).
California rates escalate quickly. Once you hit $41,629 all earnings above that begin to be taxed at 8%. That’s how you get a break-even of $59,500 between the states.
Many good points today. Truth is, JB flubbed. There may be no updide, but this does indeed make JB look like more of the same. And had he provided a little info, it could have impacted how we viewed him. The truth may be a combination of all.
so a politician saying they will work with the legislature to come up with the specifics is a BAD THING NOW?, come on. Isn’t that the way the process SHOULD WORK? Too many years of failed rauner leadership doesn’t mean it has to continue with next the Governor. I rather have some one say we work with those responsible for legislation then to our right lie like Rauner and Trump.
- Anon312 - Thursday, Aug 30, 18 @ 3:35 pm:
At least someone is trying. Has anyone seen JB talk to Chicago press lately? Haven’t heard much from him.
- 44th - Thursday, Aug 30, 18 @ 3:40 pm:
Neither party will cut anything, each party will raise taxes, sell more bonds and rinse and repeat. What a mess. Neither JB or Bruce would hire a CEO for one of their companies with a plan that says we will figure it out AFTER you hire me. LOL.
- Oswego Willy - Thursday, Aug 30, 18 @ 3:41 pm:
If this is the best you can prepare your candidate… wow.
It’s telling, actually.
You can NOT… can’t…
Ya can’t talk about a policy that is a “different” proposal and no specifics to what makes it different.
Not great. I’m being generous.
- City Zen - Thursday, Aug 30, 18 @ 3:43 pm:
Nancy Pelosi, call on Line 3.
- Al - Thursday, Aug 30, 18 @ 3:50 pm:
How about asking him about the Cannabis tax rates?
- Ron Burgundy - Thursday, Aug 30, 18 @ 3:51 pm:
To use a game show reference, this feels like Let’s Make a Deal where the voters are offered what’s behind Curtain #2. Except for the fact that we’re almost certain to get Zonked.
- Gooner - Thursday, Aug 30, 18 @ 3:53 pm:
I can’t blame her.
Rauner will never admit what needs to be done.
If she and JB are honest, all it will do is give Rauner something to use. It will not force him to be honest.
There is absolutely no upside to her to answer.
- Ron Burgundy - Thursday, Aug 30, 18 @ 3:54 pm:
Also, are they expecting someone else to be leading the GA come January? If not, feel free to get the Speaker and Sen. Cullerton on the horn right now and hash this out.
- People Over Parties - Thursday, Aug 30, 18 @ 4:01 pm:
===There is absolutely no upside to her to answer.===
It would be nice if they didn’t become the exact mirror image of the person they’re trying to replace and differentiated themselves a little bit by providing some information to voters on a quite ambitious proposal.
- Anonymous - Thursday, Aug 30, 18 @ 4:03 pm:
Why do you all think it is going to cost more for a 100% of the voters? With a graduated tax rate the richer of us will pay more but the middle and lower will pay less.
- Captain Obvious - Thursday, Aug 30, 18 @ 4:07 pm:
Anon are truly that naive?
- Illinois Resident - Thursday, Aug 30, 18 @ 4:10 pm:
Federal tax rate is graduated as well as several states. This is not an extreme or unique plan. I get tired of all of the propaganda.
- Yup! - Thursday, Aug 30, 18 @ 4:13 pm:
I will be shocked if once the number come out if anyone making over $50,000 pays less then the current 4.95% rate.
Insert “We got hosed Tommy” gif.
- SSL - Thursday, Aug 30, 18 @ 4:15 pm:
JB has to have a plan of some kind doesn’t he? A starting point to begin the process? Or is he leaving that up to Mike Madigan and John Cullerton? Keep telling us you’re different JB. We know better.
- Lucky Pierre - Thursday, Aug 30, 18 @ 4:20 pm:
In a negotiation with the legislature the Governor makes a proposal and then the legislature does the same.
JB and Julianna are not in charge apparently, Mike Madigan is
- Real - Thursday, Aug 30, 18 @ 4:22 pm:
Tell Mark to go press Bruce Rauner on his issues platform and record.
- Last Bull Moose - Thursday, Aug 30, 18 @ 4:25 pm:
As readers here know, a progressive state income tax is not happening soon. It has to get through the GA and then win the referendum.
The State needs money now. What increase in the flat rate is needed to fund operations, pay down bills, and start cutting the unfunded pension liability. My guess starts at 6%.
- Oswego Willy - Thursday, Aug 30, 18 @ 4:26 pm:
===Tell Mark to go press Bruce Rauner on his issues platform and record.===
With respect…
“Tell Mark to go press Bruce Rauner on his record.”
As an incumbent, that’s the ball game now.
- Anonymous - Thursday, Aug 30, 18 @ 4:27 pm:
The framework we have set out is that Mike Madigan and the legislature will decide what the rate structure is because JB and I are not in charge.
- Oswego Willy - Thursday, Aug 30, 18 @ 4:30 pm:
===In a negotiation with the legislature the Governor makes a proposal and then the legislature does the same.
JB and Julianna are not in charge apparently, Mike Madigan is===
Its about 30/60/signature.
You and Rauner have no idea that’s how governing works.
Rauner refused to get 30/60… so Rauner purposely punished the whole state, with Raunerites help.
That was the 99th GA
The 100th GA?
The Brave 15, the Perfect 10… and 152-20
Rauner marginalized.
- Anonymous - Thursday, Aug 30, 18 @ 4:31 pm:
California is always bashed for having outlandish state taxes but their rates graduate up from 1% to 13% in increments of income. Income under $40,000 a year is taxed at about 1.5% and Income over $1.1 million is taxed at 13%. So those making $40K in California are taxed much lower than the 4.95% they are charged here and those making millions in Illinois are paying much much less here than in California. Many more make 40K than make millions. They would receive a tax cut if Illinois had a graduated plan like California.
- Anonymous - Thursday, Aug 30, 18 @ 4:34 pm:
Only a fool will vote for someone, who proposes something, but will not give you any details about it.
- City Zen - Thursday, Aug 30, 18 @ 4:34 pm:
==My guess starts at 6%==
That will look great in blue font on a yellow background.
- City Zen - Thursday, Aug 30, 18 @ 4:36 pm:
==Federal tax rate is graduated as well as several states. ==
Guess what else is taxed at the federal level as well as several states?
- Anonymous - Thursday, Aug 30, 18 @ 4:37 pm:
With all of Illinois’ debt and JB planned spending, count on his progressive tax brackets being not what the middle class plans on them being. In other words the middle class will pay more.
- Oswego Willy - Thursday, Aug 30, 18 @ 4:42 pm:
===count on his progressive tax brackets being not what the middle class plans on them being. In other words the middle class will pay more.===
Since no one knows, including Pritzker it appears, it’s folly at this point.
- City Zen - Thursday, Aug 30, 18 @ 4:46 pm:
Anonymous - The break-even point where a single worker would pay higher state income taxes in CA than in IL is $59,500. It escalates quickly above that. It’s 6% at $80K, then 7% at $113K, and so on. If JB thinks working families making over $60,000 should pay more, why doesn’t he come out and admit it?
The truth is, 50% of the tax filers in IL make under $40K but only account for 10% of the state income tax revenue. How much of a tax cut can you offer that rather large group when there isn’t much to cut?
- Anonymous - Thursday, Aug 30, 18 @ 4:47 pm:
If JB does not have an idea what the progressive tax rates will be, I am sure Mike Madigan does.
- Rich Miller - Thursday, Aug 30, 18 @ 4:50 pm:
City Zen, try again. This time using effective rates.
- Anonymous - Thursday, Aug 30, 18 @ 4:53 pm:
City Zen - You said single workers in CA making 60K and under is the break even point and then pivot straight to a working family. Joint Filers break even point in CA is $120k so your point is not valid. Your second point is the definition of why progressive tax rates are much more fair.
- Forgetting Robert Marshall - Thursday, Aug 30, 18 @ 4:54 pm:
===Tell Mark to go press Bruce Rauner===
You must be new here
- Real - Thursday, Aug 30, 18 @ 5:01 pm:
You must be new here
-Not at all, but you’re free to post a link of Mark pressing Rauner.
- City Zen - Thursday, Aug 30, 18 @ 5:09 pm:
Rich - All state income tax rates I quote are effective tax rates in all my posts on the subject. I do not include personal/standard exemptions. I am good with spreadsheets, but not that good (or haven’t tried).
California rates escalate quickly. Once you hit $41,629 all earnings above that begin to be taxed at 8%. That’s how you get a break-even of $59,500 between the states.
- Rich Miller - Thursday, Aug 30, 18 @ 5:41 pm:
===you’re free to post a link of Mark pressing Rauner===
Or, you could just take a tiny bit of initiative and search this very site before revealing your ignorance. This is from just ten days ago
https://capitolfax.com/2018/08/20/rauner-questioned-on-job-creation/
- wordslinger - Thursday, Aug 30, 18 @ 5:45 pm:
–Only a fool will vote for someone, who proposes something, but will not give you any details about it.–
If that’s the case, The Fools are the most powerful voting bloc everywhere, all the time.
Vagueness is a proven winner. Specifics are often the kiss of death.
Give it a think, and you’ll come up with plenty of examples.
- Anonymous - Thursday, Aug 30, 18 @ 6:22 pm:
=Specifics are often the kiss of death.=
Agreed. There’s decades of evidence that voters punish fiscal responsibility and honesty. See Dawn Clark Netsch, Dan Hynes, Paul Vallas etc.
- Generic Drone - Thursday, Aug 30, 18 @ 11:20 pm:
Many good points today. Truth is, JB flubbed. There may be no updide, but this does indeed make JB look like more of the same. And had he provided a little info, it could have impacted how we viewed him. The truth may be a combination of all.
- truthteller - Friday, Aug 31, 18 @ 7:52 am:
so a politician saying they will work with the legislature to come up with the specifics is a BAD THING NOW?, come on. Isn’t that the way the process SHOULD WORK? Too many years of failed rauner leadership doesn’t mean it has to continue with next the Governor. I rather have some one say we work with those responsible for legislation then to our right lie like Rauner and Trump.