Wednesday, January 13, 2010

Illinois Governor says to hell with family budgets

When politicians call for "tax reform" run like the wind.

Gov. Pat Quinn today renewed his call for state lawmakers to work with him on raising taxes to balance the state budget while also offering targeted tax relief to lower- and middle-income workers.

"I think what we ought to do this reform our tax system," Quinn told the General Assembly nearly an hour into his 75-minute State of the State address. "The taxes should be based on ability to pay."

Unlike last year, when Quinn called for a 50 percent increase in the income tax rate, the governor did not lay out the specifics of what he wants in a tax increase.

But given a budget deficit of $13 billion or more, Quinn said he's looking for "a fair way to raise revenue" from a "fair tax code."