Here's some more Illinois irony: If Chicago's Broadway Bank fails--the Giannoulias family, which owns the troubled financial institution, could collect $15 million in federal tax refunds.So it's really ironic that Alexi Giannoulias favors a hike in the state income tax. The Chicagoan is the Democratic nominee for the Senate seat held by Rod Blagojevich appointee Roland Burris.
What taxes will Alexi want to raise if he becomes a senator?
From an Illinois Republican Party press release:
After wiping out $70 million in Bright Start college savings, Giannoulias wants to take more money away from Illinois familiesCHICAGO – Illinois Republican Party Chairman Pat Brady today blasted State Treasurer Alexi Giannoulias for endorsing a state income tax hike despite Illinois' 12 percent unemployment rate.
"I have said from day one, as your state Treasurer, that, while politically it’s not the smartest thing to say, we need an income tax increase," Giannoulias announced Saturday.
"With unemployment over 12 percent, Illinois families deserve better than an income tax increase from Alexi Giannoulias," Illinois GOP Chairman Pat Brady said. "First Alexi Giannoulias lost $70 million in college education savings and now he wants to raise state income taxes. It's time to elect fiscally responsible leaders who will cut wasteful government spending and not raise taxes."
Check out Sunday's editorial in the Chicago Tribune to learn more about the irresponsible Quinn-Giannoulias tax increase proposal.
Related post:
Giannoulias family could walk away with $15 million if bank fails
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