With the Illinois deficit in the billions, the Naperville Area Chamber of Commerce recently held a debate on possible solutions to fix the deficit with income tax.
In partnership with Reboot Illinois, the chamber’s legislative committee invited two debaters to speak to their members.
The one from the Center for Tax and Budget Accounting, CTBA, was in favor of progressive tax reform.
“In fiscal responsibility, agreed upon by economists, fairness is progressive,” said Ralph Martire, the Executive Director of CTBA. “A tax system that imposes a greater burden on more affluent individuals, than lower moderate income individuals.”
The other from the Illinois Policy Institute for the Abolishment of income tax because the tax hikes of 2011 didn’t work, as it should have.
“We have had five credit downgrades since then,” said Ted Dabrowski, Vice President of Policy at the Illinois Policy Institute. “I think worst of all we are the second highest for unemployment in the nation. We don’t have a revenue problem that was an initial $18 billion. We don’t have a revenue problem, we have a spending problem.”
After the debate, audience members also raised questions about unemployment numbers and the large number of businesses leaving Illinois for lower taxing states.
The chamber will meet again on September 23 when DuPage County Board Chairman, Dan Cronin will give the annual State of the County address.
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