Following Trump’s Lead, Rauner Protects Wealthy Money Managers in Budget Address
Chicago, IL –(ENEWSPF)—February 14, 2018
By: Nathan Ryan
On Wednesday, Governor Rauner delivered his fourth budget address which was long on rhetoric, but short on solutions. The following is a statement from Amisha Patel, Executive Director of Grassroots Collaborative.
“Today, Governor Rauner again failed to present a budget proposal that would lead Illinois towards stability and prosperity for all. Instead, he proposed that Illinois workers give up more, and invited Illinois taxpayers to play a shell game, one with very serious consequences for our communities, our children, and our state. Just like Trump’s grand infrastructure plan that places the huge burden of payment on local communities, Gov. Rauner’s claims of new investments in education amount to nothing more than forcing new financial burdens on local school districts.
As our state struggles to recover from the damage done by the budget impasse and address the $8.4 billion unpaid bill backlog, our state needs bold leadership. Governor Rauner could have followed the example set by New York’s Governor Cuomo. Facing significant budget challenges, and in anticipation of the fall out that will come from the Federal Tax overhaul, Cuomo presented a budget address that called for new sources of progressive revenue, including one proposal that closes the outrageous carried interest loophole – a proposal that would raise $1 billion annually in Illinois. Governor Rauner, once again demonstrated that he is unwilling to make the hard choice to pass legislation that will ask his peers, including wealthy money managers, to pay their fair share. He is unwilling to bring Illinois in line with our neighboring states, by supporting a graduated income tax.
Today, on Valentine’s Day, Governor Rauner showed no love for the diverse communities that Grassroots Collaborative represents. From Peoria to the West side of Chicago, today’s budget address offered little more than another disappointing example of failed leadership.”