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Final Countdown: Less Than 2 Weeks Before the Income Tax Debate

Reboot Illinois and the Union League Club of Chicago host a debate on Feb. 28 on the future of the income tax in Illinois, featuring a suburban Republican and Chicago Democrat.

What’s going to happen to our income taxes in Illinois? Should we switch to a progressive tax system with different rates that rise as incomes go up? Should we maintain our flat system? Should our rate remain at the “temporary” 5 percent for individuals or should it drop down to 3.75 percent as the law now says it should.

It's safe to say the income tax debate is THE hot topic in Illinois this year.

Reboot Illinois is partnering with the Union League Club of Chicago to host a debate on the issue. It's the morning of Feb. 28 at the Union League Club in Chicago. 

We've got a couple of the best, most articulate and thoughtful lawmakers ready to argue the pros and cons, the ups, the downs, the ins and outs for us: State Representative David McSweeney, a suburban Republican, and State Representative Christian Mitchell, a city Democrat.

CLICK HERE FOR MORE INFO AND TO REGISTER

We look forward to seeing you there to learn about this important issue in Illinois.

The views expressed in this post are those of Reboot Illinois and do not necessarily reflect those of Patch or its editors.

Learn more and Sound Off here

Jordan S. Zoot February 18, 2014 at 04:28 PM
How about Federal tax amnesty [where you have to have receipts from IRS to prove that you paid taxes on any accounts or US currency in your possession] coupled with a change in the color of US currency. The way it would work would be that after a four month amnesty period you would have to turn in your green money within thirty days to get new red currency and you would have to have receipts to prove that you paid taxes on everything in your possession. Once the thirty days were up the green money would be declared worthless. Anyone want to hazard a guess at how much the Feds would collect off of something like this?
Normal Person February 18, 2014 at 07:51 PM
Quinn "promised" the income tax was temporary. You mean to say he would lie to us?? Pensions are not the problem. If they had been funded as they should of been by politicians, all would be fine. Instead they took the money and used it to pander for votes and pet projects. What Illinois needs are more tax payers, not tax takers who never paid into the pot. Welfare, Link and more money for more babies needs to be slashed. Imagine the uproar if Illinois just wanted to do away with all Welfare completely?? There would be riots. Now they want to take away pensions from people who PAID into the system for 20 plus years....not people who TOOK from the system for their entire lives. Anyway...I do agree with the person who stated you should only be able to collect 1 public pension. I also think any type of pension spiking should be done away with. I like the idea of politicians not getting a pension and term limits. It is what George Washington would of wanted......
Herc February 18, 2014 at 09:20 PM
Problem in Illinois is we have more people on the dole than are paying taxes!
Walt February 19, 2014 at 11:18 AM
The state income tax increase was temporary. We should all insist that it return to that level. Its time to trim State government as other States (Wisconsin, Indiana, etc.) have done.
Gary February 19, 2014 at 11:29 AM
Let's compromise. Let's get the government out of all savings plans because they don't have any incentive to save money and blow all the cash buying votes. It happens every time. I'm willing to make this deal. If the public sector unions are willing to take back their plan from the State at it's current 40% real asset funding level so that taxpayers are no longer burdened by future obligations, then I am willing to take back my Social Security and Medicare from the Federal government at its current real asset funding level... which is 0%. If you are willing to take a 60% hit on your retirement, then I'll take a 100% hit, all to ensure that our children are not enslaved by these government run Ponzi schemes. Do we have a deal?

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