NTUI President Jim Tobin appeared on WTTW-TV’s “Chicago Tonight” on Tuesday, May 29, 2007 to talk about state budget issues.

Proposed State Income Tax Increase Will Not Cut Deficit, Only Increase Pension Benefits

Total Illinois state revenues increased four billion dollars for fiscal year ending June 30, 2006. As the late U.S. Senator Everett McKinley Dirksen once said, “You’re talkin’ real money.” The politicians in Springfield want to raise more “real money” by hiking the state personal and corporate income taxes, purportedly to cut the state fiscal deficit. But any additional funds would not be used to cut the state deficit; they would be used to increase even further the lavish pension benefits of retired government employees. Read more

CHICAGO-The proposed state income tax hike contained in HB750, currently in its second reading on the Illinois House floor, would be used mainly to fund lavish retirement pensions and benefits of public school teachers, administrators, and other public employees, charged the president of Illinois’ largest taxpayer organization. Read more