Speaker Madigan’s Statement on Fair Tax Plan:
SPRINGFIELD, IL – Illinois House Speaker Michael J. Madigan issued the following statement after the House approved House Resolution 1025, endorsing a fair tax plan that cuts middle-class taxes while making millionaires and billionaires pay their fair share:
“Today’s vote was a promise to taxpayers that as we continue working toward a fair tax in Illinois our focus will be on cutting taxes on the middle class, putting more money in the pockets of working families, stimulating our economy and helping small businesses grow. The House Democrats backing this resolution stand ready to work with all of our colleagues to enact a fair tax plan like those currently in place in 33 states—including Iowa, Kentucky, Missouri and Indiana—and cutting taxes for most Illinoisans.
“But while our current tax structure unfairly forces hardworking families to pay a much larger share of their income in state taxes than corporate CEOs and hedge fund billionaires, Governor Rauner is willfully misleading taxpayers. He doesn’t want anyone to see that he’s blocking tax relief for the middle class, all in an effort to protect a special deal for millionaires and billionaires like himself.
“While much work remains to be done, it’s now time for anyone who is serious about cutting taxes for the middle class and growing our economy to come to the table and work with us to enact a fair tax.”