Crain's Chicago Business: Before you attack Pritzker's tax plan, get the details right

It is unfortunate that the debate on the graduated income tax has to start with casting aspersions at the governor’s financial team in connection with their revenue estimates. There is a reasonable debate to be had as to what the right tax brackets and rates should be. In fact I think the governor recognizes the same. As he made clear in his budget address, he is open to suggestions from all quarters.


What I specifically object to is an organization such as the Illinois Policy Institute  representing to the Wall Street Journal that the governor’s estimates are $1 billion to $2 billion less than the projected $3.4 billion, even when they admit they had not seen said estimates. Their major assertion is that the state may have assumed what they call a static model where there is no change in economic behavior as a consequence of changing tax rates.

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