Tobin opposes tax hike
Jim Tobin, Libertarian candidate for Lt. Governor, said recently he will work to defeat a planned 33 percent increase in the state income tax and to eliminate the office of Lt. Governor if he wins the election.
The tax hike was among a package of tax increases recommended August 27 by Gov. George Ryans Education Funding Advisory Board. Personal income taxes would climb from 3 to 4 percent, and corporate income tax would leap from 7.3 to 8.3 percent.
Most of the additional revenue would be earmarked for salaries of public school teachers. The majority of the teachers, Tobin said, are paid between $60,000 and $200,000 by the time they retire at age 55. The Illinois Education Association was a major contributor to George Ryans campaign.
This scheme should alarm every taxpayer in Illinois, Tobin said. If these overpaid bureaucrats have their way, were going to end up paying 33 percent more in state income taxes every year and a new state sales tax on services and, within a few years, higher property taxes statewide, he said.
Tobin went on to say: Cal Skinner and I are the only team running for governor and lieutenant governor who absolutely oppose this horrendous income tax hike scam. While both our Republican and Democratic opponents are proven tax-raisers, Cal is the only one Illinois taxpayers can trust to veto any increase in the Illinois income tax, as well as any state sales tax hike. We are also the only ones who will work for cuts in the state sales tax and the state cigarette tax.
Tobin has already branded the state budget crisis as phony. His Illinois Taxpayer Education Foundation recommended $4 billion in restraints from the $54 billion 2003 Illinois state budget, which rose $2 billion from the current budget.