The big hype from Governor JB Pritzker and the legislative Democrats are that 97% of folks will not have their income taxes raised.
The higher income taxes will bring in over $3 billion.
The higher gas taxes and license fees will extract $2.4 billion.
And pretty close to 100% of Illinois residents will notice the hikes.
Here is State Rep. Allen Skillicorn’s take:
Licenses, Taxes and Fees…Oh My!
Crystal Lake, IL – Another beautiful spring day in Illinois and another tax for Illinoisans.
As the Tribune reported today,
“The legislation, introduced this week by Democratic Sen. Martin Sandoval of Chicago, would more than double the state’s gas tax to 44 cents a gallon, double the driver’s license fee to $60 and raise the vehicle registration fee to $148.
“The driver’s license fee is now $30; the vehicle registration fee is $98. It also would significantly hike the registration fee for electric vehicles, from $17.50 to $1,000.” [Emphasis mine].
State Representative Allen Skillicorn (R-Crystal Lake) stated, “In light of the recent report from the Comptroller’s office that April revenues were $1.5 billion higher than expected, it appears that the legislation to ‘significantly hike’ gas taxes and licensing fees is unnecessary and one might even say punitive if enacted.”
Skillicorn continued, “I commend Governor Pritzker for stepping back from a bad idea in the form of a pension holiday when the data from the Department of Revenue estimates that next year’s tax collections increased by $800 million.
“Let’s give the Trump economic recovery and the enactment of serious reforms, such as amending the pension clause, a try instead of passing more taxes and fees that crush Illinois families.”