Monday, March 9, 2009

Sen. Trotter on the state income tax

Our own state senator (well for the 17th District and represents a piece of the sixth) is said to be a budget expert. Courtesy of CPR:
Donne Trotter is the Senate Democrats' budget expert. He says talks are underway about how the tax hike would work, although one version would have top earners paying about 60% more. Those who make less would get tax credits to lessen the blow.

TROTTER: It is not like a regressive sales tax. People aren't shopping anyway so we aren't getting those. So i believe this is fairest way to do it .

Trotter says other tax and fee hikes are also on the table, as well as some spending cuts. Trotter points out he has never had a meeting with the Governor's staff and is unsure if Pat Quinn is on board with this specific plan. But he says an income tax increase is getting more attention this year than it has since it was last raised in the early 1990's.
The budget is said to have a $9 billion dollar deficit.

Via CapFax!

No comments:

Post a Comment

PLEASE READ FIRST!!!! Comment Moderating and Anonymous Comment Policy

While anonymous comments are not prohibited we do encourage you to help readers identify you so that other commenters may respond to you. Either read the moderating policy for how or leave an identifier (which could be a nickname for example) at the end of the comment.

Also note that this blog is NOT associated with any public or political officials including Alderman Roderick T. Sawyer!