Question of the day
Friday, Jul 1, 2022
* As we discussed a few months ago, the Illinois Policy Institute has calculated the new tax cut savings at $556 per household on average, not including the six-month suspension of the increase in the Motor Fuel Tax.
But despite often referring to the institute’s numbers and analysis on the budget, or taxes, or pensions, or the Census or whatever, we have hardly seen that number mentioned in stories about this particular topic. For just one example, here’s Capitol News Illinois…
$556+ ain’t chump change. And for those eligible for the Earned Income Tax Credit, that relief is permanent.
* When I interviewed Gov. Pritzker yesterday, I asked whether he agreed with the IPI’s numbers…
On the one hand, pointing to an official estimate could help dispel the widespread belief that these are barely negligible savings. On the other hand, if people don’t actually see those touted savings, they might get angry. And using IPI’s analysis might legitimatize a frequent critic.
* The Question: Should the governor run the numbers to come up with his own tax savings estimate, point to IPI’s numbers or just stay the course? Take the poll and then explain your answer in comments, please.