From the Illinois Republican Party....
Illinois Democrat Candidate Brad Schneider Supports Raising Taxes by $2.5 Billion in Illinois’ 10th District
CHICAGO – Democrat Brad Schneider running in Illinois’ 10th Congressional District, supports raising taxes $2.5 billion in his district alone with the elimination of the 2001 & 2003 and payroll tax cuts at the end of this year.
This week, the Heritage Foundation released statistics on the additional burden the expiration of the current tax cuts would have on Illinois. According to the group’s calculations, beginning Jan. 1, 2013 the 10th District’s taxes would more than double for families, totaling more than $7,605 per return.
Illinois Democrats have a strong history of creating hostile tax environments for businesses and workers, the latest being a 67 percent increase in the personal income tax rate and a 46 percent increase in taxes on businesses. These increased taxes have encouraged other states including Wisconsin, Indiana and New Jersey to recruit businesses and employees out of the state in high numbers.
“Now is not the time to be adding to the financial saddle already weighing down local families and businesses,” said Illinois Republican Party Chairman Pat Brady. “Brad Schneider foolishly believes triggering the largest tax increase in history is a good idea for not only the residents of the 10th District, but for all Americans. We don’t need Springfield policies in Washington, and that’s what Brad is purposing we do.”
“The fact is uncertainty due to this added taxation has inhibited businesses from hiring, which has restricted families for being able to plan for their futures effectively, and flawed policy stances held by candidates like Brad Schneider are exactly why we need fiscally responsible leaders in office,” added Brady.
Where Schneider Stands on Taxation:
• Schneider believes in ending the 2001 & 2003 tax cuts. (source: schneiderforcongress.com)
• Schneider believes in the philosophy of wealth redistribution and his answer to improving the tax code is to create a “progressive tax” system rather than broad-based personal and corporate tax reforms that reduce the burdens on the few and ensure all Americans have a stake in the country. (source: Glencoe News)