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SPRINGFIELD,
Ill. – State Senator Brad
Burzynski (R-Rochelle) voted against the income tax hike on Wednesday during
the final days of the current Illinois General Assembly, calling it an assault
on businesses and families throughout the state.
“Apparently the Democrat majority and their governor are OK
with negating Obama’s tax cuts and creating a hostile business climate to
operate in while we still struggle in one of the worst fiscal climates in Illinois history,” Sen.
Burzynski said. “It astonishes me how they can not propose any budget cuts and
yet in the same breath raise taxes on everyone. This is absolutely unacceptable
to not only myself, but also constituents throughout the state.”
Senate Bill 2505 raises the personal income tax rate 67
percent, from 3 percent to 5 percent. The corporate income tax will also go up
45 percent, from 4.8 percent to 7 percent – putting Illinois as the third-highest corporate
income tax state in the nation.
Sen. Burzynski also said the so-called “spending limits” in
the bill actually allows for a 10 percent spending increase over the current
fiscal year – about $3 billion dollars.
“I don’t know of any company or family who looks at their budget
and defines a cap on spending as increasing their expenditures by 10 percent,”
Sen. Burzynski said. “This is a government pay hike. Look around, you won’t see
very many people receiving a 10 percent pay increase this year. Taxpayers can’t
afford this and deserve a government that knows how to tighten its belt, not
let it out.”
Overall, the bill will tax Illinoisans more than $7 billion,
yet also allows for the state’s budget to go up 17 percent over four years,
which is beyond the average rate of inflation for the last four years.
“Once again we’re punishing the people of Illinois for the out-of-control spending of
the past eight years by sticking them with the bill,” Sen. Burzynski said. “The
Democrat braintrust is operating under the assumption that we can spend our way
out of our deficit and businesses can absorb a crucial hit at a time when we’re
struggling to recover jobs.”
Compounding the problem, Sen. Burzynski said a tax increase
not only hurts businesses operating in the state, but also discourages new
businesses from starting up in Illinois.
“We constantly heard the governor talk about how he was the
‘jobs’ governor, yet he and his Democrat allies are lighting up a billboard
that discourages job growth and creates an incentive for businesses to set up
shop elsewhere. This isn’t creating a level playing field, it’s building a
mountain that no one will bother to climb.” |