Capitol Fax.com - Your Illinois News Radar


Latest Post | Last 10 Posts | Archives


Previous Post: Republicans get their talking points
Next Post: SUBSCRIBERS ONLY - Today’s edition of Capitol Fax (use all CAPS in password)

*** UPDATED x1 - Report posted *** Last time I checked, $8 billion was higher than $7 billion

Posted in:

* From the governor’s office talking points memo sent to Republican legislators today touting Gov. Rauner’s accomplishments

Defeated the Democrat supermajority FY 2017 spending plan that would have raised personal income tax rates to more than 5.5% - The House Democrats’ $40 billion spending plan for FY 2017 was more than $7 billion out of balance and would have required crushing tax increases to pay for all of its promises.

* AP

The state of Illinois’ spending will outstrip what it brings in by nearly $8 billion this year, according to a government analysis obtained Thursday by The Associated Press.

The legislative Commission on Government Forecasting and Accountability reviewed the budget deal that lawmakers and Gov. Bruce Rauner approved in June on the brink of the new fiscal year, which began this month, at the behest of Republican Rep. David McSweeney.

The report, provided to AP in advance of general release, found that the state will spend $39.6 billion — including $3 billion in obligations that were not addressed in the six-month stop-gap budget agreed to by Democrats who control the Legislature and Rauner — but only bring in $31.8 billion.

So, what are the tax hike consequences of Rauner’s own proposal? If the rate would’ve been “more than 5.5%” under the Dems’ $7 billion deficit, what are the “crushing tax increases” required for an $8 billion hole?

*** UPDATE ***  Click here to read the COGFA report.

posted by Rich Miller
Thursday, Jul 14, 16 @ 3:20 pm

Comments

  1. LOLOL.

    Comment by Juvenal Thursday, Jul 14, 16 @ 3:23 pm

  2. Any mention anywhere of the balanced budget the Governor submitted?

    Oh thats right, he hasnt.

    “D’oh!”

    Comment by Doug Simpson Thursday, Jul 14, 16 @ 3:24 pm

  3. The Busted Talking Points.

    (Oh. Wait, should that be on the QOTE thread?)

    Comment by Keyrock Thursday, Jul 14, 16 @ 3:24 pm

  4. QOTD thread (sorry for the typo.)

    Comment by Keyrock Thursday, Jul 14, 16 @ 3:25 pm

  5. Page 2 of the memo says, if challenged on the math, repeat “but Madigan!” until the questions go away.

    Comment by Anonymous Thursday, Jul 14, 16 @ 3:27 pm

  6. Rauner and crew have perfected the “Do as I say, not as I do” concept.

    They are winning the messaging war, though. I always wonder why the Ds don’t respond more forcefully (but not more shrilly) to these kinds of things.

    What’s ironic is that Rauner doesn’t understand that the GOP will — almost always — win the messaging war. The *reception* of the message is what Rauner is losing.

    The medium is the massage.

    Comment by Formerly Known as Frenchie M Thursday, Jul 14, 16 @ 3:27 pm

  7. Maybe multi-billion dollar deficits only count when the governor is Pat Quinn?

    Comment by thunderspirit Thursday, Jul 14, 16 @ 3:28 pm

  8. “last time I checked 8-billion was higher than 7-billion”

    It really depends on who is doing the math and which number is more beneficial to the argument.

    Kind of reminds me of the cuts vs increase argument. One persons cut is another’s increase.

    Comment by Huh? Thursday, Jul 14, 16 @ 3:28 pm

  9. Yikes even Capt Fax falls off the BigBrain bobsled. Guess we all have a limit to how much B* we can gulp in

    Comment by Annonin' Thursday, Jul 14, 16 @ 3:29 pm

  10. All Republicans voted against a millionaires tax, so that all taxpayers could equally share in the largest tax increase in Illinois history. They didn’t want to inconvenience those that were most able to contribute.

    Comment by Anonymous Thursday, Jul 14, 16 @ 3:31 pm

  11. === They are winning the messaging war, though. ===

    According to Rauner, the Message War is the only thing they are losing.

    If they were winning the message war, there would be actual accomplishments to show for it.

    Defeating a budget that was unbalanced by $7 billion so you can sign a budget unbalanced by $8 billion is not a victory in my book.

    Comment by Juvenal Thursday, Jul 14, 16 @ 3:33 pm

  12. It is Republican perfidy to site “crushing tax increases” when they know full well that more revenue, increased taxes are a must have. They know full well to pay down the mountain of debt we need to increase revenue. It is plain and simple perfidy.

    Comment by Honeybear Thursday, Jul 14, 16 @ 3:33 pm

  13. Revenue is a required element, not optional.

    Any Raunerite pretending Revenue is a give or ignoring that revenue isn’t required… they are NOT looking out for anyone in Illinois…

    … including taxpayers.

    Comment by Oswego Willy Thursday, Jul 14, 16 @ 3:39 pm

  14. Rich is accused of once working for Madigan in 3, 2, …

    Comment by Anonymous Thursday, Jul 14, 16 @ 3:39 pm

  15. Rauner will claim there’s an inverse relationship between the tax increase needed by Raunerite deficits and Dem deficits.

    Of course it will be balone, but so is almost everything said by this administration.

    P.S. It’s funny that McSweeney, Rep. We Don’t Need No Stinkin Taxes, is highlighting this disaster his hero caused aided an abetted by the GOP caucuses.

    Comment by Norseman Thursday, Jul 14, 16 @ 3:40 pm

  16. “Kind of reminds me of the cuts vs increase argument. One persons cut is another’s increase.” Or if you recall the Rauner logic that by keeping the income tax at 5% instead of letting it drop to 3.5% you were raising taxes by 67%.

    Comment by Skeptic Thursday, Jul 14, 16 @ 3:40 pm

  17. Madigan and the McSweeney’s he owns.

    Comment by Norseman Thursday, Jul 14, 16 @ 3:42 pm

  18. Next bond down grade in 3, 2, 1 … and 1.4% will say that it isn’t his fault and promptly blame Madigan.

    Comment by Huh? Thursday, Jul 14, 16 @ 3:42 pm

  19. It’s no accident that here we are two weeks after this budget was approved and we’re relying on the AP to report on an unpublished COGFA analysis so that the public can get a clue about just how egregiously out of balance this budget truly is.

    The void of information is by design.

    Rauner on June 30:

    “This is not a balanced budget.”

    and

    “I will not sign off on an unbalanced budget.”

    Comment by Louis Capricious Thursday, Jul 14, 16 @ 3:43 pm

  20. It’s not as if numbers haven’t been crunched and reasonable fixes given. No one is going to like a tax hike, citizen or business, but we were on the path to fiscal responsibility in 2014. A kicked can eventually ends up crushed, and Rauner has no plans for a recycling effort. It’s going to have to come from the ILGA- both sides!

    http://www.ctbaonline.org/reports/it-all-about-revenue-common-sense-solution-illinois%E2%80%99-fiscal-solvency

    Comment by Anon221 Thursday, Jul 14, 16 @ 3:45 pm

  21. We will look back fondly on the days when we had a 5% tax rate, the much smaller bill backlog we had back then, and the services we were able to provide. No one is being helped by this fiscal madness as near as I can tell, unless you count bond buyers. I have no doubt the unbalanced Democratic budget, as flawed as it was, would’ve still been better than the impasse and the stopgap budget.

    Comment by AC Thursday, Jul 14, 16 @ 3:49 pm

  22. Figures don’t lie but liers figure

    Comment by DuPage Saint Thursday, Jul 14, 16 @ 3:54 pm

  23. How is self-described “salesman” Bruce Rauner gonna sell this one?

    Comment by Precinct Captain Thursday, Jul 14, 16 @ 4:00 pm

  24. === How is self-described “salesman” Bruce Rauner gonna sell this one? ===

    With several $million and a whole lot of baloney.

    Comment by Norseman Thursday, Jul 14, 16 @ 4:03 pm

  25. Madigan and the spreadsheets he controls!

    Comment by JS Mill Thursday, Jul 14, 16 @ 4:04 pm

  26. I’d like to hear the Hon. Dave McSweeney explain how the budget should be balanced without new taxes.

    Comment by anon Thursday, Jul 14, 16 @ 4:07 pm

  27. Looks like the stopgap budget isn’t stopping the gap.

    Comment by Sir Reel Thursday, Jul 14, 16 @ 4:18 pm

  28. anon if you listen carefully Rep McSweeney explains how a tax increase can be avoided even in this very bad situation. http://chicagotonight.wttw.com/2016/07/05/opponents-state-stopgap-budget-explain-their-votes

    Comment by Rod Thursday, Jul 14, 16 @ 4:21 pm

  29. === anon if you listen carefully Rep McSweeney explains how a tax increase can be avoided even in this very bad situation. ===

    Anon, try not to laugh to hard while listening to it.

    Comment by Norseman Thursday, Jul 14, 16 @ 4:25 pm

  30. Is one of the statehouse reporter actually going to call out Rauner on this or are they going to let him walk away like the Trump stuff?

    Comment by Dee Lay Thursday, Jul 14, 16 @ 4:25 pm

  31. ==no one is being helped by this fiscal madness unless you count the bond buyers==

    And there you have it. Someone is profiting mightily by others’ suffering. Follow the money to see why this is being allowed to happen. Just imagine what could happen if the income tax was lowered to 1%? What a field day for investors!

    Comment by Anonymous Thursday, Jul 14, 16 @ 4:27 pm

  32. From Rep Ives -”Budgets set priorities and tell you what’s the most important thing you have to fund. All this vote did was set up a tax increase.”

    So, social services, educatio, and protecting our most vulnerable, those people that cannot protect themsleves are not important?

    Talk about setting yourself up for questions in a future election. I would hammer her relentlessly with her comments.

    Adding, if the budget is $7 billion unbalanced (more like $8 billion) why only a $5 billion tax increase. Apparently West Point does not have a strong math program.

    Comment by JS Mill Thursday, Jul 14, 16 @ 4:30 pm

  33. The consequences will be mass migration out of state of tax payers and business, who will want to preserve their income from much higher taxes, and a state that will be much more in dire financial status!

    Comment by Anonymous Thursday, Jul 14, 16 @ 4:32 pm

  34. Gosh…with all this dysfunction and incompetence going on I sure do hope my house sells fast so that I can get back to the enlightened functioning government in Arizona…LOL.

    Illinois is run like a movie with an “idiot plot”, like those teenage slasher films. If ONE person does a sensible and logical thing, the problem is over and the movie ends. I don’t think this “Illinois movie” will end well..

    Comment by illinois bob Thursday, Jul 14, 16 @ 4:44 pm

  35. ==I sure do hope my house sells fast so that I can get back to the enlightened functioning government in Arizona==

    So do we

    Comment by Demoralized Thursday, Jul 14, 16 @ 4:48 pm

  36. ===The consequences will be mass migration out of state of tax payers and business, who will want to preserve their income from much higher taxes===

    Can I assume then that the way to keep tax payers and business from moving out of state is to cut spending by $7B, or is it $8B, and thus reach a balanced budget?

    Comment by Hit or Miss Thursday, Jul 14, 16 @ 4:49 pm

  37. Anonymous, there is a song in The Pirates of Penzance with the lyrics,

    Then do not stay!

    Then why this delay

    Yes but you don’t go!

    Comment by Bigtwich Thursday, Jul 14, 16 @ 4:49 pm

  38. Gee, iBob, you better hurry. I hear Arizona is going Blue this November.

    Comment by Leading InDecatur Thursday, Jul 14, 16 @ 4:53 pm

  39. An 8 billion dollar deficit and the decimation of social services and higher education?

    Thanks Bruce.

    The taxpayers of Illinois.

    #winning

    Comment by PublicServant Thursday, Jul 14, 16 @ 4:54 pm

  40. COGFA Excel file entry gives “Resulting Defecit.” Hopefully, they are better at math than spelling.

    Comment by quixotic paul Thursday, Jul 14, 16 @ 5:51 pm

  41. Aparently i need to get a refund from college and HS. None of them taught me the super rich business man math that shows 8 is lower than 7….

    Comment by Union thug Thursday, Jul 14, 16 @ 6:10 pm

  42. Rauner proves once again he failed 3rd grade math.

    Comment by DuPage Thursday, Jul 14, 16 @ 8:14 pm

  43. I believe that voting for a tax increase is a huge risk if not politically suicidal in many districts, and for the governor’s job. Perhaps a governor or state rep better bring back something substantial to even begin assuaging angry voters.

    There are doable things, such as more workers comp reform and property tax freeze. What can be done to bring in adequate revenue while shifting costs more away from property taxes? What can be done to control costs without decimating union rights (no bargaining for wages)? Voters want a millionaire surcharge. MMJ expansion (more illnesses, fewer restrictions) probably won’t happen.

    /wishin’

    Comment by Grandson of Man Friday, Jul 15, 16 @ 8:34 am

Add a comment

Sorry, comments are closed at this time.

Previous Post: Republicans get their talking points
Next Post: SUBSCRIBERS ONLY - Today’s edition of Capitol Fax (use all CAPS in password)


Last 10 posts:

more Posts (Archives)

WordPress Mobile Edition available at alexking.org.

powered by WordPress.