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.READ MORE: 'We Are Resilient' Chatham Residents Respond To Weekend Mass Shooting
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.READ MORE: More Events Announced For 'Open Chicago' But Major Festivals Absent This Year
“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.”MORE NEWS: Massive Chemical Plant Fire In Rockton, Illinois, Could Burn For Days
No small matter now when the state is facing crushing pension debt and a mountain of unpaid bills.