Gov. Bruce Rauner, J.B. Pritzker say economic growth vital to budget, but differ on tax strategy to achieve it
Republican Gov. Bruce Rauner and Democratic challenger J.B. Pritzker said Sunday that growing Illinois’ business economy is vital to their budget plans but differed vastly on the role of tax policy to help achieve it.
Rauner said his agenda for incremental lowering of the state’s income tax, along with proposals to diminish union bargaining rights, also would lower property taxes, attracting business and allowing for a state budget that would not require cuts to social services.
Pritzker said his plans for a graduated income tax to replace the state’s currently mandated flat tax would bring relief to property taxpayers and provide for government stability, which would appeal to businesses looking to grow or locate in the state.
Rauner opposes a graduated tax for the state and contended it would push businesses out of the state. Pritzker said the current income and property taxes are among the nation’s most regressive state tax systems. The two main candidates for governor appeared for separate interviews on WGN AM-720.
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