“Simply stated, the incumbent will solve the pension crisis by bankrupting the State while the challenger will solve the crisis by bankrupting the people in the State.”
Ted was on WROK Rockford this week talking about Illinois gubernatorial candidate J.B. Pritzker’s promises to spend billions more and enact a progressive income tax that only hits the wealthiest Illinoisans. Pritzker’s promises are impossible to keep. The math says so.
Comparing October tax revenue to October 2017 shows increases of 9.9%, 5% and 10.7% for the “big three,” respectively, the personal income tax, corporate income tax and sales tax.
“How ironic it is that just when Madigan’s public standing in Illinois is at its lowest, he’s on the verge of a smashing victory that will eliminate any organized opposition to him.”
Comment: The left sees Chicago as a fountain of determined activists making a difference in races throughout the entire region, and it’s probably true.
The pension fund’s request for $4.8 billion in taxpayer contributions for the next budget year, a 10 percent increase from the previous year, highlights the need for pension reform in Illinois.
The measure is one of numerous referendums — many of them tax-related — that will confront voters on ballots across the Chicago area in Tuesday’s general election.