Ill. Gov. Jay Robert “J. B.” Pritzker, whose proposed graduated state income tax proposal and proposed state income tax increase were beaten back by taxpayers, now proposes a back-door tax increase on Illinois businesses, according to Jim Tobin, economist and president of Taxpayers United of Illinois (TUA).
“The corrupt and incompetent Pritzker just doesn’t give up,” said Tobin. “Now he is pushing his Democrat thugs in the Ill. General Assembly to sock it to Illinois Businesses with a huge tax increase disguised as an end to ‘corporate loopholes.’ A particular egregious idea is the elimination of the single sales factor in assessing Illinois income tax. This proposal increases taxes on Illinois-based businesses at a time the state’s businesses are struggling just to survive.”
“Pritzker proposes to end the retail discount, which partially reimburses store owners for administering and collecting sales tax on behalf of the state. He claims this change would only impact ‘big’ retailers, but he is trying to mislead smaller retailers into believing they won’t be affected.”
“Illinois, as a state worth living in, is at the brink. Unless Pritzker and his minions in the general assembly change course and cut taxes instead of raising them, more Illinois companies will flee the state, and those that can’t will go under.”
“We urge Illinois taxpayers to write to their representatives in the general assembly and demand immediate tax relief.”