Illinois’ largest public employee unions don’t want to raise just one tax to pay for the state’s sky-rocketing pension debt, they want to increase as many as they can.
Monday’s nearly three hour closed-door pension summit hosted by the We are One Illinois Coalition, a group that includes the American Federation of State, County and Municipal Employees, the Illinois Federation of Teachers, the Illinois Education Association and the state’s AFL-CIO, focused almost exclusively on raising taxes as a way to pay for Illinois’ $130-billion pension debt and nearly $8-billion annual pension payment.
Democrats in Springfield pushed through a “temporary” income tax on people and businesses in 2011, but that tax is set to expire on the first day of 2015. Noland said, the pension crisis may trump the need to let the “temporary” tax fade away.
“If we were to extend this, (people) would be paying the same,” Noland said. “If we were to say, look this is what this is ear-marked for … I think (people) would be open to it.”
Noland said the “temporary” tax would not be made permanent. Rather, he said, lawmakers would extend the tax for 15 to 30 years, or until Illinois paid off its $130 billion pension debt.
Unions say hike taxes to pay for their pensions | FOX 55/27 Illinois | Illinois
Having been in the state union, I know that the politicians brought this on. As for temporary taxes been there done that before with Illinois. Once a politician gets it passed that tax stays.