PRITZKER’S INCOME THEFT AMENDMENT WOULD MAKE STATE CORPORATE INCOME TAX THIRD HIGHEST IN THE COUNTRY

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The proposed state constitutional amendment on the November 3 ballot, endorsed by Ill. Gov. Jay Robert “J. B.” Pritzker, would make the Illinois corporate income tax the third-highest in the country, said Jim Tobin, economist and president of Taxpayers United of America (TUA).

“Pritzker’s income theft amendment would change the Illinois state income tax from a flat rate tax to a graduated income tax,” said Tobin. “The state corporate income tax rate would jump from 9.5% to 10.49%, making it the third-highest corporate income tax rate in the country.”

“Another name for Pritzker’s proposed tax hike would be the Job Killer Tax. Taxpayers and companies are fleeing the state for states with lower taxes. The state’s population is dropping. The state economy is sick, and the state government is essentially bankrupt. Yet ‘J. B.’ wants to raise taxes even higher, which would crush small businesses already struggling from the impact of Pritzker’s soviet style lockdown.”

“What’s worse, Springfield politicians could raise the tax rates for each income level whenever they want, and as much as they want. You can be sure they will raise tax rates as sure as the sun will come up tomorrow.”

“The vote on the Pritzker theft amendment on November 3 will determine whether or not Illinois has a future. I urge all taxpayers to vote on this issue. There won’t be a second chance for Illinois.”

ILLINOIS STATE POLICE BLOCK TAXPAYERS UNITED OF AMERICA NEWS CONFERENCE!

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Illinois State Police blocked a Taxpayers United of America (TUA) news conference at the Illinois State Capitol from taking place on Monday, Sept. 15, 2020, reports Jim Tobin, economist and TUA president.

“We have been issuing analyses of state government pensions for 14 years,” said Tobin, “and TUA Executive Director Matt Schultz and I traveled from Chicago to Springfield to report on the lavish, gold-plated government pensions as they affect Sangamon County, which has some of the highest taxes in the country.”

“I had reserved a block of time at the state capitol press room, which I have been doing for 44 years. When we arrived at the state capitol building, members of the Illinois State Police blocked us from walking to the press room. They claimed they didn’t know who we were, and that they could not let us proceed ‘without authorization.’ After some time had passed, some woman arrived thinking we were part of another group. Finding out that we were not, she left without authorizing our move to the press room.”

“Finally, after about 30 minutes, we made it to the capitol press room and found it completely deserted.”

“Whether our being blocked was intentional or due to sheer incompetence, the effect was the same. We were unable to discuss the Sangamon County pensions or Illinois Gov. Jay Robert ‘J. B.’ Pritzker’s income theft amendment that has been placed by Democrats on the November 3 ballot. This amendment to the State Constitution would significantly raise taxes on Illinois taxpayers by converting the flat-rate state income tax to a graduated income tax.”

“I have been holding news conferences at the state capitol press room for 44 years, and never have I been blocked from holding a news conference until yesterday. What happened was outrageous and unconscionable, and we are owed an apology from Gov. Pritzker and Illinois House Speaker Michael J. Madigan, but I am not holding my breath.”

James R. Thompson: The Ghost Haunting Illinois

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On August 14, 2020 James R. Thompson (R) passed away. Big Jim Thompson, as he was known, was the 37th and longest-serving governor of the state of Illinois, serving from 1977 to 1991. Thompson is survived by his wife Jayne and daughter Samantha. The Chicago Tribune describes Thompson as a moderate willing to work on a bipartisan basis to pass legislation.

“A better way to describe Thompson is as a tax thief,” said Jim Tobin, President of Taxpayers United of America (TUA). “Thompson was one of the worst tax-raisers in Illinois history. Thompson twice tried to increase the state’s income tax. He championed a ‘temporary’ tax hike in 1983 that took the income tax rate from 2.5% to 3% for two years. Then in 1989, Thompson raised taxes permanently to 3%.”

“When he retired, Thompson secured a gold-plated Illinois General Assembly Pension that his income tax increase would fund. This year, he was set to receive an annual pension of $165,987. His total pension payout from taxpayers stands at over $3,219,842.”

“However, since Governor Thompson has finally passed away, his wife will now receive survivor benefits. According to state law, Jayne Thompson will now receive 66 2/3% of her husband’s pension, increased at a rate of 3% compounded annually. Jayne will receive this pension, despite being reported to still work as President and CEO of her own company.”

“It’s pensions like these that are bankrupting Illinois. The Illinois General Assembly Retirement System in which Mrs. Thompson will receive payment is only funded at 15.65% thanks to overpromised pensions. That’s why the current Illinois governor wants to increase the Illinois income tax with a graduated rate: to take from you, to fund lavish government pensions.”

“Pritzker’s proposed state constitutional amendment is a wealth transfer from taxpayers to wealthy retired bureaucrats who produce nothing. It is urgent that taxpayers in Illinois vote no on Pritzker’s Income Theft Amendment this November 3 and force Illinois politicians to act within the bounds of reality.”