GOP Chairman Schneider claims Pritzker's tax plan will drive more out of Illinois
Illinois Republican Party Chairman Tim Schneider is more than a bit skeptical of Gov. J.B. Pritzker’s proposed graduated income tax-rate plan.
"More tax hikes will not solve Illinois’ fiscal problems,” Schneider said in a March 7 press release. “Pritzker's proposed $3.4 billion tax increase will lead to even more out-migration of Illinois families, businesses and jobs. Tax-and-spend Illinois Democrats cannot be trusted with more of our tax dollars.”
Pritzker’s talk of a graduated tax goes all the way back to his days on the campaign trial, with him only recently moving to release details of a plan he insists will generate upwards of $3 billion in added revenues for the state solely by taxing the rich, and result in lower taxes for at least 97 percent of other residents.
More specifically, the plan calls for raising the current 4.95-percent tax on residents making more than $1 million to 7.95 percent.
Meanwhile, Schneider said all the state’s long-held financial struggles, most of which have come under Democratic leadership, lead him to be suspect.
“That is why Illinois Republicans stand united against the Pritzker-Madigan tax hike and will continue to support reforms that will lower taxes, create jobs and make our state thrive once again," he added in the release.