Thursday, June 16, 2011

Quinn misleads on his allegedly temporary income tax hike

Rich Miller of Capitol Fax found this CNBC nugget from Tuesday. When asked about his allegedly "temporary" income tax hike, Governor Pat Quinn replied that it is indeed short-term.

It's a temporary tax in order to pay off bills that had to be paid off. The fiscally responsible thing to do is pay your bills. I think that’s the only honest way to go. In Illinois, I believe honesty is the only policy. As governor, we've been able to show that.
Uh, no. Miller retorts, "He should've started by being honest about the tax hike, which was designed to (mostly) erase the structural deficit and fund a massive, long-term bond plan to pay off overdue bills."

Cash from that lameduck session tax hike--a 67 percent increase in the personal income tax levy while corporations get a break paying just 45 percent more--has paid none of the Prairie State's old bills. Who said that? Comptroller Judy Baar Topinka, a Republican, who writes the checks for Illinois.

Related post:

IL comptroller: None of Quinn's "temporary" tax increase has gone to pay off old bills

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