To the Editor:
Gov. Pat Quinn’s statement during a recent debate that we must make permanent the “temporary income tax” in order to continue funding education in Illinois troubles me.
Illinois has been losing business to surrounding states that have a more advantageous tax environment. For verification, access the article entitled “Disappearance of Illinois’ manufacturing sector” at illinoispolicy.org. In that study, it states “Illinois has the fourth-highest corporate tax rate in the industrialized world,” and graphically shows how the surrounding states are gaining where we are losing.
My question to Gov. Quinn and his supporters is, if we continue to tax in this manner, we will be losing the base on which our government tax program is dependent. In other words, if corporations are leaving our state, and the corresponding jobs, where is the money going to come from? Who or what will they tax to maintain their glorious plans?
Republican governor candidate Bruce Rauner says he will roll back the income tax. I understand and agree we must make our state more attractive to business to re-establish a base that we can tax, but he has not been specific about the sacrifices we all will have to make during the process.
Such information will give voters a more accurate idea of Mr. Rauner’s program and allow the electorate to determine whether we have the courage to change the direction of our state’s financial condition or choose to continue to limp along as a state at the lower end of the economic scale.