With the gubernatorial elections just around the corner, the major candidates for governor are talking taxes and the plan that works best for Illinois.
Democratic candidate J.B. Pritzker is selling a progressive income tax plan that would see higher earners pay a larger percentage then a middle or low income earner.
Republican Governor Bruce Rauner tells WGIL that a progressive tax plan is a job killer, and would do more harm to the state than good.
“Every state that has gone to a graduated income tax – or what they call a progressive income tax… I call it a destructive income tax – every state that’s done it, the middle class families that make $40,000, $45,000 $50,000 have seen their taxes raised.” Rauner said. “Nobody is getting rich on that. That’s a middle class family income they end up paying a lot higher income taxes too.”
Rauner says that Illinois should follow Iowa and Wisconsin’s example and cut their income taxes.
“Iowa just announced their cutting their income tax. Wisconsin cut their income tax. Indiana has cut their taxes and Kentucky, which has been stealing jobs form Southern Illinois for a while now, they just got rid of their graduated income tax and went to a flat tax at a lower rate. So they can grow more jobs, higher family income.”
Rauner says that in Minnesota, which has a progressive tax plan, a single taxpayer making around $25,000 pays 7% income tax. He called that tax rate “outrageous”.
