As state comptroller, I warned Governor Blagojevich about overspending, but he wouldn’t listen. That governor’s gone, but our problems aren’t. Pat Quinn thinks the answer is to pass a 50 percent tax increase on every Illinois family. I’m running for governor because I have a better plan. We can balance the budget by cutting waste line by line and only raising income taxes on people making more than $200,000. We can fix this mess and protect the middle class.
Illinois Comptroller Dan Hynes launched his campaign for governor Wednesday by proposing a ‘progressive’ income tax that would more than double the rate paid by millionaires. Hynes’ plan would change the state’s income tax from a flat 3 percent to one that tops out at 7 percent. … Hynes laid out a six-step plan to fix Illinois’ finances. The first leg raises the income tax on only 3 percent of the state’s residents, those making more than $200,000 a year, he said.
So, 97 percent wouldn’t get a tax hike, eh? Sound familiar? Hynes is now JB Pritzker’s deputy governor and Pritzker has proposed that very same framework, although the governor’s new plan starts out at $250,000 and rates top out at 7.95 percent.
Illinois Comptroller Susana Mendoza’s office on Monday launched its Public Accountability Report, which houses 15 years worth of spending data on various categories and state agencies.
For the category “Human Services,” the state spent $21 billion in Fiscal Year 2007. For all spending, including federal dollars, the state spent $52.4 billion in ‘07. In Fiscal Year 2017, the state spent $26 billion in “Human Services.” For all spending, including federal funds, the state spent $73.9 billion.
For the category “Higher Education,” the state spent $2.4 billion in 2007. It spent about $100 million less ten years later, or a total of $2.3 billion.
That Human Services category includes Medicaid and medical costs always outpace inflation. Also, if you factor in CPI, level spending on $2.4 billion for higher education in 2007 would be $2.82 billion in 2017 - half a billion less than what it got.
3:03pm: Did you read the Comptoller’s report? Spending is down, social service agencies are starving, we’ve underinvested in roads and transportation, and Rauner couldn’t find any more to cut. So now you can see the need for revenue.
Somewhere along the line, hynes also proposed a tax on so-called elective plastic surgery. I think the proceeds were supposed to go pay for bonds issued to fund research. Or some scheme like that. One problem was his definition of what would be excluded as medically necessary was very restrictive. Haven’t heard much about it sense