News

Topinka Says Cutting Taxes Is Easier Said Than Done

Topinka Says Cutting Taxes Is Easier Said Than Done

 

Illinois Comptroller Judy Baar Topinka likes the concept of cutting taxes, but the reality of the state’s finances makes doing so more complicated.

Topinka says the proposal to cut the state corporate tax would make Illinois more competitive from a business

standpoint. With the state working through a backlog of $7.6 billion in unpaid bills, however, she believes a better approach is broader tax reform.

“Some of its illogical, some of it we’re just giving away money that we ought not to be – at least, we’re not

evaluating what we’re doing – and just get some logic and some common sense into that before we start looking at any radical comings and goings here,” Topinka said. “This may not be the time.”

Topinka says while she favors both this tax cut and allowing the temporary income tax hike to expire, legislators should consider the effect those cuts would have on the state budget.

Recent Headlines

in Local

U.S. Attorney James Lewis: Racially Biased?

courthouse

Questions have been raised about possible racial bias on behalf of U.S. Attorney James Lewis.

in Local

Cattle Rustling: 18-year-old Gets 180 Days In Jail

gavel2

18-Year-Old gets 180 days in jail for taking part in cattle rustling.

in Local

Cuba Relations: Could Be Boon For Illinois Farmers

farm

A relationship with Cuba could mean up to $7 million more a year for Illinois Farmers.

in Local

Prison Lockdown: Chicken Pox To Blame

jail

Chicken Pox has locked down Illinois prisons.

in Local

Illinois Tollway Expects Spike in Holiday Traffic

IL Tollways

Free coffee will also be available at tollway oases.