Suffering from a long-term structural deficit that won't be eliminated unless politicians change the tax policy status quo -- and raise the revenue needed to sustain spending on core public services.
The Fair Tax was the single biggest failure of Martire’s career. Democratic majority, billionaire governor with an unlimited budget, and an army of deep-pocketed advocates all shilling the tax plan he crafted. Never before were the stars aligned in his favor. They blew it. Martire still can’t get over it.
nixit
5 years ago
Massachusetts seems to be doing just fine with a flat state income tax. Ranks near top nationally in education, health care, and infrastructure while having a lower overall tax burden than IL. Meanwhile, New Jersey has a graduated income tax and is just as messed up financially as Illinois. But why let facts get in the way?
NB-Chicago
5 years ago
Team Ralphie has a bit of an ethical problem. He admits that covid has nothing to do with budget mess, when he writes–“That said, the crux of Illinois’ fiscal problems have nothing to do with COVID-19, and everything to do with structural flaws in the state’s tax policy “. But whats the state going to spend its projected $7 billion (& $6 billion to municiplalities) fed covid bailout money on? All on covid, i doubt-simply because there’s not that much covid debt. But, instead to directly or indirectly make a minor payment on the massive pension debt for upperincome public… Read more »
ProzacPlease
5 years ago
Rule #1 for liberals discussing Illinois fiscal problems – do not use the word “pension” in the entire article. Don’t mention that spending on “core” items has been squeezed by massive pension payments. And liberals whine constantly about “misinformation”?
Exactly. What an incredibly slanted article not to discuss decreasing spending, only increasing revenue. There’s no mention of reining in bloated salaries, pensions, and health care benefits. Imagine if they reined in these things. There’d be no increased revenue needed.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
The Fair Tax was the single biggest failure of Martire’s career. Democratic majority, billionaire governor with an unlimited budget, and an army of deep-pocketed advocates all shilling the tax plan he crafted. Never before were the stars aligned in his favor. They blew it. Martire still can’t get over it.
Massachusetts seems to be doing just fine with a flat state income tax. Ranks near top nationally in education, health care, and infrastructure while having a lower overall tax burden than IL. Meanwhile, New Jersey has a graduated income tax and is just as messed up financially as Illinois. But why let facts get in the way?
Team Ralphie has a bit of an ethical problem. He admits that covid has nothing to do with budget mess, when he writes–“That said, the crux of Illinois’ fiscal problems have nothing to do with COVID-19, and everything to do with structural flaws in the state’s tax policy “. But whats the state going to spend its projected $7 billion (& $6 billion to municiplalities) fed covid bailout money on? All on covid, i doubt-simply because there’s not that much covid debt. But, instead to directly or indirectly make a minor payment on the massive pension debt for upperincome public… Read more »
Rule #1 for liberals discussing Illinois fiscal problems – do not use the word “pension” in the entire article. Don’t mention that spending on “core” items has been squeezed by massive pension payments. And liberals whine constantly about “misinformation”?
Exactly. What an incredibly slanted article not to discuss decreasing spending, only increasing revenue. There’s no mention of reining in bloated salaries, pensions, and health care benefits. Imagine if they reined in these things. There’d be no increased revenue needed.