It has been one full year since the General Assembly passed a budget that ended Illinois’ two-year impasse. The results are in: This policy was a complete failure.
Instead of passing reforms, the Democrats went another session punting on pension reform and instead forced through 21 tax and fee hikes that you will pay. Also, with the passage of the graduated income tax amendment supported by every Democrat who voted and Gov. Pritzker, legislators want to give themselves the constitutional power to increase tax rates however much they deem necessary.
For a state that already burdens its residents with the highest state and local tax burden, the $7 billion in new taxes introduced this session shows just how out of touch the ruling class in Springfield has become and illustrates their incompetence at managing money.
Two other representatives publicly stated they are no votes because they understand that more tax hikes will not solve the financial problems that Illinois currently has and will only continue to accelerate the state’s exodus. Members from both sides of the aisle realize that this is a bad deal for taxpayers and it does nothing to reform the policies that have brought on this financial disaster in the first place.
The current budget for higher education spends 50% on pension payments. That’s not a system that puts students first. It isn’t a system set up to put children on a path to greater economic prosperity so they can become productive citizens. It is a system designed to take money from you, and hand it to government employees.