Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 Maybe someone could explain this to me. When I read thru the text and scan the amendments attached to HB174, what befuddles me is this -- there appears to be NO MENTION WHATSOEVER of any funding being directed to social services, human services, etc. What I see are sections regarding estate taxes, 529 college tuition savings withdrawals, raising personal and corporate income taxes, etc....but nowhere is there any mention (that I see) of giving any of the money to our causes. Someone please enlighten us. Why are we supposed to be pushing for more revenue without any idea of where it will be spent? Anyone? Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 Maybe someone could explain this to me. When I read thru the text and scan the amendments attached to HB174, what befuddles me is this -- there appears to be NO MENTION WHATSOEVER of any funding being directed to social services, human services, etc. What I see are sections regarding estate taxes, 529 college tuition savings withdrawals, raising personal and corporate income taxes, etc....but nowhere is there any mention (that I see) of giving any of the money to our causes. Someone please enlighten us. Why are we supposed to be pushing for more revenue without any idea of where it will be spent? Anyone? Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 I am not going to argue whether we should or should not have an increase in taxes, but I would point out that we have had a mass exodus of businesses in Illinois and therefore, we have experienced concomitant job losses and unemployment. We will not be able to generate jobs vis a vis new businesses if we penalize corporations from coming to Illinois. This is a really complex issue. I would recommend that all of us pay attention to the rhetoric on both sides. When you hear of a primary candidate coming to speak in your community, go if you can, and bring with a list of questions about what is most important to you. Ask various candidates on both sides of the aisle the same questions. Take notes. We cannot complain about election results and policy decisions our elected officials make if we did not participate in the process of selecting them. Ellen Ellen Garber Bronfeld egskb@... HB174 CONCERNS? I did some research on HB174. The Arc of IL, an active member of the Responsible Budget Coalition, is supporting HB 174 and has asked us to support HB 174. I’m a little concerned about what seems to be the “heart†of the bill. House Bill 174: Increases the personal income tax rate from 3% to 5%. Increases the corporate income tax rate from 4.8% to 5%. · If I make $20,000 and I pay 3% income tax that = $600 · If I make $20,000 and I pay 5% income tax that = $1000 · A 66% increase. I will pay an extra $400 on my $20k. YIKES! · I am a corporation and make $200,000 and pay 4.8% income tax that = $9,600 · I am a corporation and make $200,000 and pay 5% income tax that = $10,000 · A 4% increase. Corporate pays an extra $400 on 200k. HUH? This is simple mathematics. Why are they suggesting I support a 66% personal income tax and only a 4% corporate income tax? Can’t we support a budget that doesn’t place the burden on individual citizens? I say raise the % that corporations will pay above that to be paid by individual citizens. Stop putting the burden on the working people. Then I’ll think about supporting HB 174. Pam Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 I am not going to argue whether we should or should not have an increase in taxes, but I would point out that we have had a mass exodus of businesses in Illinois and therefore, we have experienced concomitant job losses and unemployment. We will not be able to generate jobs vis a vis new businesses if we penalize corporations from coming to Illinois. This is a really complex issue. I would recommend that all of us pay attention to the rhetoric on both sides. When you hear of a primary candidate coming to speak in your community, go if you can, and bring with a list of questions about what is most important to you. Ask various candidates on both sides of the aisle the same questions. Take notes. We cannot complain about election results and policy decisions our elected officials make if we did not participate in the process of selecting them. Ellen Ellen Garber Bronfeld egskb@... HB174 CONCERNS? I did some research on HB174. The Arc of IL, an active member of the Responsible Budget Coalition, is supporting HB 174 and has asked us to support HB 174. I’m a little concerned about what seems to be the “heart†of the bill. House Bill 174: Increases the personal income tax rate from 3% to 5%. Increases the corporate income tax rate from 4.8% to 5%. · If I make $20,000 and I pay 3% income tax that = $600 · If I make $20,000 and I pay 5% income tax that = $1000 · A 66% increase. I will pay an extra $400 on my $20k. YIKES! · I am a corporation and make $200,000 and pay 4.8% income tax that = $9,600 · I am a corporation and make $200,000 and pay 5% income tax that = $10,000 · A 4% increase. Corporate pays an extra $400 on 200k. HUH? This is simple mathematics. Why are they suggesting I support a 66% personal income tax and only a 4% corporate income tax? Can’t we support a budget that doesn’t place the burden on individual citizens? I say raise the % that corporations will pay above that to be paid by individual citizens. Stop putting the burden on the working people. Then I’ll think about supporting HB 174. Pam Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 Laurie: I will make this one of the questions I ask, the next time I go to a political candidates forum! Thanks. Ellen Ellen Garber Bronfeld egskb@... Re: HB174 CONCERNS? Maybe someone could explain this to me. When I read thru the text and scan the amendments attached to HB174, what befuddles me is this -- there appears to be NO MENTION WHATSOEVER of any funding being directed to social services, human services, etc. What I see are sections regarding estate taxes, 529 college tuition savings withdrawals, raising personal and corporate income taxes, etc....but nowhere is there any mention (that I see) of giving any of the money to our causes. Someone please enlighten us. Why are we supposed to be pushing for more revenue without any idea of where it will be spent? Anyone? Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 Laurie: I will make this one of the questions I ask, the next time I go to a political candidates forum! Thanks. Ellen Ellen Garber Bronfeld egskb@... Re: HB174 CONCERNS? Maybe someone could explain this to me. When I read thru the text and scan the amendments attached to HB174, what befuddles me is this -- there appears to be NO MENTION WHATSOEVER of any funding being directed to social services, human services, etc. What I see are sections regarding estate taxes, 529 college tuition savings withdrawals, raising personal and corporate income taxes, etc....but nowhere is there any mention (that I see) of giving any of the money to our causes. Someone please enlighten us. Why are we supposed to be pushing for more revenue without any idea of where it will be spent? Anyone? Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 I think we should try to educate ourselves on the specifics of HB 174. It is a concern that the original bill had corporate tax increases at 8% then an amendment lowered it significantly to 5%. If I'm being asked to support a bill, I'd like to make sure the bill is fair to families. To ask families to carry the burden of a tax increase over corporations is not unfair. IL receives revenue from a variety of sources. Personal income tax leads the sources - corporate income tax comes next and then sales tax. Most indicators say we are coming out of the recession but it will take several months before there is a noticeable difference. For the past several months, IL's employment went down because people lost their jobs. This lowered the personal income tax receipts. Corporate tax revenues were also down but much much less. And of course, people spent less so sales tax revenues were also down. Read this from the Commission on Government Forecasting and Accountability's Monthly Briefing September 2009: " Through September, gross personal income tax is down $278 million, or $251 million net of refunds. Sales tax is down a stunning $244 million reflecting a very cautious consumer while gross corporate income tax is off $113 million, or $93 million net of refunds. All remaining sources contributed a net drop of $45 million. " IF the answer to Illinois' fiscal problems is a tax increase, then someone needs to explain to my why the lawmakers changed their minds and reduced the proposed corporate tax increase while keeping the personal income tax rate increase at 66%? Pam .. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 I think we should try to educate ourselves on the specifics of HB 174. It is a concern that the original bill had corporate tax increases at 8% then an amendment lowered it significantly to 5%. If I'm being asked to support a bill, I'd like to make sure the bill is fair to families. To ask families to carry the burden of a tax increase over corporations is not unfair. IL receives revenue from a variety of sources. Personal income tax leads the sources - corporate income tax comes next and then sales tax. Most indicators say we are coming out of the recession but it will take several months before there is a noticeable difference. For the past several months, IL's employment went down because people lost their jobs. This lowered the personal income tax receipts. Corporate tax revenues were also down but much much less. And of course, people spent less so sales tax revenues were also down. Read this from the Commission on Government Forecasting and Accountability's Monthly Briefing September 2009: " Through September, gross personal income tax is down $278 million, or $251 million net of refunds. Sales tax is down a stunning $244 million reflecting a very cautious consumer while gross corporate income tax is off $113 million, or $93 million net of refunds. All remaining sources contributed a net drop of $45 million. " IF the answer to Illinois' fiscal problems is a tax increase, then someone needs to explain to my why the lawmakers changed their minds and reduced the proposed corporate tax increase while keeping the personal income tax rate increase at 66%? Pam .. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 More good questions I can add to my list for the next candidate event. I wonder if we should try to have some sort of candidate forum, perhaps for the Gubernatorial candidates on both sides of the aisle? Perhaps some other entity is planning on doing that...does anyone know? Ellen Ellen Garber Bronfeld egskb@... Re: HB174 CONCERNS? I think we should try to educate ourselves on the specifics of HB 174. It is a concern that the original bill had corporate tax increases at 8% then an amendment lowered it significantly to 5%. If I'm being asked to support a bill, I'd like to make sure the bill is fair to families. To ask families to carry the burden of a tax increase over corporations is not unfair. IL receives revenue from a variety of sources. Personal income tax leads the sources - corporate income tax comes next and then sales tax. Most indicators say we are coming out of the recession but it will take several months before there is a noticeable difference. For the past several months, IL's employment went down because people lost their jobs. This lowered the personal income tax receipts. Corporate tax revenues were also down but much much less. And of course, people spent less so sales tax revenues were also down. Read this from the Commission on Government Forecasting and Accountability's Monthly Briefing September 2009: " Through September, gross personal income tax is down $278 million, or $251 million net of refunds. Sales tax is down a stunning $244 million reflecting a very cautious consumer while gross corporate income tax is off $113 million, or $93 million net of refunds. All remaining sources contributed a net drop of $45 million. " IF the answer to Illinois' fiscal problems is a tax increase, then someone needs to explain to my why the lawmakers changed their minds and reduced the proposed corporate tax increase while keeping the personal income tax rate increase at 66%? Pam . Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 More good questions I can add to my list for the next candidate event. I wonder if we should try to have some sort of candidate forum, perhaps for the Gubernatorial candidates on both sides of the aisle? Perhaps some other entity is planning on doing that...does anyone know? Ellen Ellen Garber Bronfeld egskb@... Re: HB174 CONCERNS? I think we should try to educate ourselves on the specifics of HB 174. It is a concern that the original bill had corporate tax increases at 8% then an amendment lowered it significantly to 5%. If I'm being asked to support a bill, I'd like to make sure the bill is fair to families. To ask families to carry the burden of a tax increase over corporations is not unfair. IL receives revenue from a variety of sources. Personal income tax leads the sources - corporate income tax comes next and then sales tax. Most indicators say we are coming out of the recession but it will take several months before there is a noticeable difference. For the past several months, IL's employment went down because people lost their jobs. This lowered the personal income tax receipts. Corporate tax revenues were also down but much much less. And of course, people spent less so sales tax revenues were also down. Read this from the Commission on Government Forecasting and Accountability's Monthly Briefing September 2009: " Through September, gross personal income tax is down $278 million, or $251 million net of refunds. Sales tax is down a stunning $244 million reflecting a very cautious consumer while gross corporate income tax is off $113 million, or $93 million net of refunds. All remaining sources contributed a net drop of $45 million. " IF the answer to Illinois' fiscal problems is a tax increase, then someone needs to explain to my why the lawmakers changed their minds and reduced the proposed corporate tax increase while keeping the personal income tax rate increase at 66%? Pam . Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 I am having lunch with Allan B next Wednesday...he has been working on some questions as well...you are more than welcomed to join us...but I have a hair appointment in the am and some stuff in the late afternoon, so we definitely have to meet in Northbrook That's why I didn't try to get the group together...I will be in Springfield on Tuesday...it will be another crazy busy week... Do you think these political postings are ok? I am going to stay as neutral as possible...present info without opinion... I am hoping that Pam will get the idea and do the same...it appears that is what happened this evening...I was pleased that she toned it down...I think the right approach would be to stick to the facts and present as many different views as possible minus the editorials...not easy for any of us:) A list of questions would be so helpful, I think. E Ellen Garber Bronfeld egskb@... Re: HB174 CONCERNS? Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 22, 2009 Report Share Posted October 22, 2009 I am having lunch with Allan B next Wednesday...he has been working on some questions as well...you are more than welcomed to join us...but I have a hair appointment in the am and some stuff in the late afternoon, so we definitely have to meet in Northbrook That's why I didn't try to get the group together...I will be in Springfield on Tuesday...it will be another crazy busy week... Do you think these political postings are ok? I am going to stay as neutral as possible...present info without opinion... I am hoping that Pam will get the idea and do the same...it appears that is what happened this evening...I was pleased that she toned it down...I think the right approach would be to stick to the facts and present as many different views as possible minus the editorials...not easy for any of us:) A list of questions would be so helpful, I think. E Ellen Garber Bronfeld egskb@... Re: HB174 CONCERNS? Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 > > > > I did some research on HB174. The Arc of IL, an active member of the Responsible Budget Coalition, is supporting HB 174 and has asked us to support HB 174. > > > > I’m a little concerned about what seems to be the “heart†of the bill. > > House Bill 174: > > Increases the personal income tax rate from 3% to 5%. > > Increases the corporate income tax rate from 4.8% to 5%. > > · If I make $20,000 and I pay 3% income tax that = $600 > > · If I make $20,000 and I pay 5% income tax that = $1000 > > · A 66% increase. I will pay an extra $400 on my $20k. YIKES! > > > > · I am a corporation and make $200,000 and pay 4.8% income tax that = $9,600 > > · I am a corporation and make $200,000 and pay 5% income tax that = $10,000 > > · A 4% increase. Corporate pays an extra $400 on 200k. HUH? > > > > This is simple mathematics. Why are they suggesting I support a 66% personal income tax and only a 4% corporate income tax? > > > > Can’t we support a budget that doesn’t place the burden on individual citizens? I say raise the % that corporations will pay above that to be paid by individual citizens. Stop putting the burden on the working people. Then I’ll think about supporting HB 174. > Pam > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 > > > > I did some research on HB174. The Arc of IL, an active member of the Responsible Budget Coalition, is supporting HB 174 and has asked us to support HB 174. > > > > I’m a little concerned about what seems to be the “heart†of the bill. > > House Bill 174: > > Increases the personal income tax rate from 3% to 5%. > > Increases the corporate income tax rate from 4.8% to 5%. > > · If I make $20,000 and I pay 3% income tax that = $600 > > · If I make $20,000 and I pay 5% income tax that = $1000 > > · A 66% increase. I will pay an extra $400 on my $20k. YIKES! > > > > · I am a corporation and make $200,000 and pay 4.8% income tax that = $9,600 > > · I am a corporation and make $200,000 and pay 5% income tax that = $10,000 > > · A 4% increase. Corporate pays an extra $400 on 200k. HUH? > > > > This is simple mathematics. Why are they suggesting I support a 66% personal income tax and only a 4% corporate income tax? > > > > Can’t we support a budget that doesn’t place the burden on individual citizens? I say raise the % that corporations will pay above that to be paid by individual citizens. Stop putting the burden on the working people. Then I’ll think about supporting HB 174. > Pam > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 , Pam and all I'm sure there are a lot of IPADD readers out there who agree with your assessments of Illinois. I hear from people all the time, from both sides of the political spectrum, who express worries about throwing more money into what one person described as 'the big black hole' that is Springfield. IPADD is going to try to get more information about the Responsible Budget Coalition's goals and HB 174 in the near future, and we'll share it here. Everyone needs to make up their own minds, and we need more solid information before doing that. Thanks for your comments! Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 , Pam and all I'm sure there are a lot of IPADD readers out there who agree with your assessments of Illinois. I hear from people all the time, from both sides of the political spectrum, who express worries about throwing more money into what one person described as 'the big black hole' that is Springfield. IPADD is going to try to get more information about the Responsible Budget Coalition's goals and HB 174 in the near future, and we'll share it here. Everyone needs to make up their own minds, and we need more solid information before doing that. Thanks for your comments! Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 Thanks for getting that information - the " big black hole " AKA General Revenue Fund -which all of the adult Medicaid match money goes into until 2012! Re: Re: HB174 CONCERNS? , Pam and all I'm sure there are a lot of IPADD readers out there who agree with your assessments of Illinois. I hear from people all the time, from both sides of the political spectrum, who express worries about throwing more money into what one person described as 'the big black hole' that is Springfield. IPADD is going to try to get more information about the Responsible Budget Coalition's goals and HB 174 in the near future, and we'll share it here. Everyone needs to make up their own minds, and we need more solid information before doing that. Thanks for your comments! Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 Thanks for getting that information - the " big black hole " AKA General Revenue Fund -which all of the adult Medicaid match money goes into until 2012! Re: Re: HB174 CONCERNS? , Pam and all I'm sure there are a lot of IPADD readers out there who agree with your assessments of Illinois. I hear from people all the time, from both sides of the political spectrum, who express worries about throwing more money into what one person described as 'the big black hole' that is Springfield. IPADD is going to try to get more information about the Responsible Budget Coalition's goals and HB 174 in the near future, and we'll share it here. Everyone needs to make up their own minds, and we need more solid information before doing that. Thanks for your comments! Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 Thanks for getting questions together - Meeting with the legislators is not my problem, educating them on the issues I can do - knowing what questions to ask them so I know where they stand - definitely a weakness! Re: HB174 CONCERNS? Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 Thanks for getting questions together - Meeting with the legislators is not my problem, educating them on the issues I can do - knowing what questions to ask them so I know where they stand - definitely a weakness! Re: HB174 CONCERNS? Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 Allan, as always, will have some great questions! LMK his take on HB 174! Thanks! Re: HB174 CONCERNS? Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 Allan, as always, will have some great questions! LMK his take on HB 174! Thanks! Re: HB174 CONCERNS? Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Guest guest Posted October 23, 2009 Report Share Posted October 23, 2009 , you're so hip! Using LMK in an email vs. spelling it out. Wanna laugh? I'm reading it quickly, see LMK, and for a moment am thinking 'why is referencing Luther King?' this makes no sense! How old does that make me????????????? Laughing out loud at myself here, Laurie Re: HB174 CONCERNS? Yes, and we've talked about developing a list of candidate questions -- I think that's on my to-do list, right? Oops, I totally forgot. Will get working on it this weekend & will definitely incorporate some of the great questions generated here. Laurie Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.