Reporting Craig Dellimore
CHICAGO (CBS) – Illinois Senate President John Cullerton says it’s time to honestly face the future…about a tax cut that lies ahead, reports WBBM Political Editor Craig Dellimore.
The temporary income tax increase that raised the state’s rate from three to five percent is set to expire.
Speaking at a Center for Tax and Budget Accountability Symposium, Senator John Cullerton said anyone running for governor should be open and honest about what happens after that.
“How are they going to make up for the $5 billion in reduction once the income tax goes down. I mean, I am just asking. That should be the discussion including the Democrats,” said Cullerton. “Governor Edgar proved that you don’t have to lie. You can say that I think we should keep it at a certain rate.”
No small matter now when the state is facing crushing pension debt and a mountain of unpaid bills.