State Rep. Jack Franks has told folks that he will vote to put the so-called millionaire’s tax Constitutional Amendment dreamed up by House Speaker Mike Madigan on the balloty.
Seventy-one votes are needed to pass the Illinois House and there are “only” seventy-one Democrats.
No Republican is going to vote for the amendment.
That means Madigan NEEDS so-called “anti-tax” Democrat Jack Franks’ vote.
With his to be the vote to push the amendment to the State Senate, the following ad is bring run by Americans for Prosperity:
25,279 people have seen it on YouTube and it is running on cable in his district.
The final frame of the Americans for Prosperity video aimed at State Rep. Jack Franks.
David From from Americans for Prosperity sent out this email:
The over-taxing and over-spending leadership in Springfield just can’t stand to let you keep more of your hard-earned money.
This past week saw the defeat of the Progressive Income Tax in a House Committee vote — a win for all of you who have worked so hard this past year to fight this disastrous policy.
But we have new efforts by the state’s Democrat leaders to hike our taxes that we must fight. House Speaker Mike Madigan is pushing a new tax that seeks to place an additional 3% tax on income greater than $1 million. We think that’s a bad deal for the people of Illinois.
Tantamount to a tax on those who are creating the jobs Illinoisans desperately need, this is a punitive tax on a group of people largely comprised of job creators and small-business owners who operate pass-through entities (meaning the business taxes are paid via the owner’s individual income tax). The non-partisan Tax Foundation calculated that, in fact, fully 61% of Illinois employers are pass-through entities. Additionally, 11,208 of them have an adjusted gross income above $1 million. That’s 11,208 business-owners who would be adversely affected by the Madigan tax.
Only one Democrat was willing to put their name on a resolution opposing the progressive income tax — Rep. Jack Franks (D-Marengo). We applaud him for doing so and hope he’ll stand with Illinois taxpayers once more in opposing this new tax. Because this new tax will impact the business climate in the entire state I am asking you, no matter where you live, to click here to send a message to state Rep. Franks that you think this is a bad deal for all of Illinois!
Contact Rep. Franks and urge him to oppose the Madigan tax!
Yours in Liberty,
David W. From
Illinois State Director
Really?
The only one?
That’s kind of sad if it’s true.
Issues aside–I just mean the partisan divide.
But why would he put it up for vote if he was not for it?
Is he just that great of a statesman?
So is this three percent millionaires tax included in the progressive tax reform they want to do or an additional tax on top of making wealthy people pay more via progressive tax?
What rate should millionaires pay? How about people who earn 250 k or people who earn 100 k?
I want to know what every income bracket should have to pay to the state according to politicians.
Voters deserve to know these details, right?
Why are all of the Republicans so opposed to giving voters a choice?
Bruce Rauner, of all people, has said that he wants a variety of things to go to the voters, even saying he would have vetoed the marriage equality bill because voters hadn’t had a chance to vote on it.
Yet he, and all of the other Republicans, are refusing to let voters decide if they want a millionaires tax?
Further, they’re also refusing to let voters decide if they want a fairer tax structure that would allow lower rates for lower incomes and higher rates for higher incomes.
So why doesn’t Americans for Prosperity, Illinois Policy Institute, and the IL GOP trust voters?
**I want to know what every income bracket should have to pay to the state according to politicians. Voters deserve to know these details, right?**
If you want details, you should just pay attention.
There are two different proposals — the millionaires tax, which is a simple 3% tax on all income over $1 million, and the Fair Tax, which is a proposal that would change the constitution to allow for a tax structure that has lower rates for lower incomes and higher rates for higher incomes.
They are two different proposals.
Further… we also know what the proposed rates would be in the Fair Tax, as Sen. Harmon introduced the rates last week.
You can look at what you would pay here at the link below, but the short version is that everyone making $200K or less would pay less than they’re paying now, and 94% of taxpayers would see a cut from what they’re paying now.
http://www.FairTaxCut.com
I’ve seen a few different plans.
One had very ambiguous language that just said eliminating the requirement that Illinois ought to be a flat tax, but it provided no detail as to what the progressive rate would be for each bracket.
I have seen another plan where people making as little as 18,000 pay more.
http://illinoispolicy.org/progressive-tax-hike-proposal-attacks-illinois-working-and-middle-classes/
I’m not saying this so that I can know these details per se, I’m speaking on behalf of people who don’t read every detail of every legislative session.
People don’t have time to sit around and read every single bill, especially considering that politicians don’t even do that.
Part of a legislator’s job is to educate their constituents so they can receive informed feedback.