State of Illinois Archives: on Tax Reform
Close tax loopholes and gain $1.2T from the wealthy
Q: If the government saves money in tax reform, that means somebody's taxes go up. Do you think that taxes have been raised enough on the wealthy?
DURBIN: I can tell you that there are still deductions, credits, special treatments under the tax code
which ought to be looked at very carefully. We forgo about $1.2 trillion a year in the tax code, money that otherwise would go to the government, and when you look closely, some of those things are near and dear to us individually and to the economy--
the mortgage interest deduction, charitable deductions, deductions for state and local taxes, but beyond that, trust me, there are plenty of things within that tax code, these loopholes where people can park their money in some island offshore and not
pay taxes, these are things that need to be closed. We can do that and use the money to reduce the deficit.
Q: So there are other taxes that you believe that you can raise, retrieve, whatever, from the wealthy?
Source: CNN SOTU 2013 interview on 2014 Illinois Senate race
Jan 6, 2013
No tax breaks for millionaires nor pledges against taxes
Said Enyart, "we have seen in Mr. Plummer's actions--from trying to smear my wife for her service as a judge, to cheating on his taxes, to signing a pledge that protects tax breaks for companies that outsource jobs--that my opponent does not respect
Southern Illinois values. In addition, Plummer continues to refuse to disclose his tax returns, tax rate, or how much he stands to profit from the tax breaks for millionaires he supports."
Source: Press Release, "Southern Illinois Values"
Oct 31, 2012
Shift from property tax to taxing ability to pay
We ought to reform our tax system. We have an unfair tax system. It relies way too much on property taxes, and other levies that are not based on ability to pay. Taxes should be based on ability to pay. Nobody likes paying taxes, nobody. But in a
democracy, that's what all of us as citizens do. And so I look forward to working with the general assembly on finding a fair way to raise revenue from a fair tax code. There is something wrong where our state is taxing poor people into further poverty.
Source: Illinois 2010 State of the State Address
Jan 13, 2010
Extend $8000 homebuyer credit; one-year payroll tax holiday
The Giannoulias Plan To Build The New American Economy: jumpstarting America's economic engine. Alexi proposed an extension of the successful $8,000 first-time homebuyer tax credit, a one-year payroll tax holiday for middle income workers, and a
job creation payroll tax credit. He would offset the costs of these job-creating tax incentives by eliminating nearly $200 billion in tax loopholes used by corporations that ship American jobs overseas.
Source: 2010 Senate campaign website, AlexiForIllinois.com, "Issues"
Dec 25, 2009
Page last updated: Dec 16, 2013