Springfield Democrats Want To Raise Illinois Corporate Income Tax To 10.9%, Making It The Highest In The Country

By on January 7, 2011   /   Commentary  

CHICAGO–The Illinois corporate income tax rate is not 4.8% as some politicians and media writers have erroneously reported, but actually 7.3%. While the base rate is 4.8%, a constitutional amendment passed in 1980 added another 2.5%. This additional tax was named the “personal property replacement tax,” but no matter what they call it, it’s still a statewide corporate income tax.

“Senate President John Cullerton (D) is now saying that he wants to raise the state corporate income tax rate from 4.8% to 8.4%,” said Jim Tobin, President of National Taxpayers United of Illinois (NTUI). “What Cullerton fails to mention is the added 2.5% personal property replacement tax, which would actually make the state corporate tax 10.9%.”

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Springfield GOP Key To Killing 75% State Income Tax Increase

By on January 6, 2011   /   Commentary  

Led by House Speaker and Chicago machine boss Michael Madigan and Gov. Patrick Quinn, Illinois Democrats are about to commit political suicide by voting for a gargantuan 75% state income tax increase. Unless the Republicans learn from their own mistakes, Illinois taxpayers will likely find themselves subject to a state income tax increase that will further damage Illinois’ depressed economy.

The largest tax increases in the history of Illinois were the work of Springfield Republicans, not Democrats, and the repercussions were profound for both the GOP and Illinois taxpayers.

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McLean County's Retired Government Employees Enjoy Gold-Plated Pension Benefits That Exceed Local Annual Wages

By on January 5, 2011   /   News Releases  

BLOOMINGTON–A new report by pension researcher Bill Zettler reveals that many McLean County retired government employees receive lavish, gold-plated pensions that far exceed average annual wages of workers in the private sector.

“These government-employee pensions are bankrupting the state pension funds,” said Jim Tobin, President of National Taxpayers United of Illinois (NTUI). “That’s the real reason Gov. Patrick Quinn (D) wants to raise the state personal income tax anywhere from 33% to 66%. He wants to pump taxpayer dollars into the state’s floundering pension programs.”

Christina Tobin, President of The Free and Equal Elections Foundation, speaks at an NTUI press conference in Bloomington on January 5, 2011.

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