In 2012, Illinois continues to face serious – potentially crippling problems. In January 2011, in the “lame duck” session, House and Senate Democrats alone passed the largest tax increase on Illinois’ citizens and businesses in our history. The effect of the tax increases is sobering – people are fleeing the state at the rate of one person every ten minutes. In the past fourteen years we have lost $26 billion in taxable income. Illinois businesses that once created hundreds of thousands of jobs are moving to our border states. A smaller taxpayer base means less revenue for the State to build roads and educate our children. The 2011 tax increases, and the job loss it has created, is the root cause of most of our recent economic fall.
In November 2011, the General Assembly passed what was inappropriately called, “tax reform.” While marginal aspects of expired tax policies were reinstated, it came at a very steep price to you. Sears and CME, received large bailouts referred to by those who voted in favor of it by the friendlier term, tax incentives. These bailouts cost taxpayers roughly $280 million – and that’s your money. The General Assembly has “bailed out” seven companies located here, when we can’t pay overdue bills, address unfunded pension liabilities, or build and maintain roads and bridges.
I decided to run for State Representative in 2012 because I have had a good start in the Illinois House in 2011, I have had a successful career in business, and I understand the need for common sense policies needed to get Illinois moving in the right direction. Mostly, I ran because I cannot stand by and watch the financial ruin of our state which leaves Illinoisans insecure and without opportunity. Read the rest of this entry »