Lang Says Quinn Tax Proposals Need More Detail

House Deputy Majority Leader Lou Lang (D-Skokie) and Gov. Pat Quinn.

(Skokie, IL) – Gov. Pat Quinn advocated last week in his State of the State speech for both an end to the Illinois natural gas tax and the creation of a new tax credit for parents with children, drawing cautious support from Illinois House Deputy Majority Leader Lou Lang (D-Skokie).

“We have to analyze each of the items the governor is talking about and determine how we will pay for the initiatives and what is the potential return on the state’s investment,” Lang said. “And where there is a net gain for the state treasury, we should do it.”

The Quinn administration said the initiatives would cost approximately $294 million. Ending the gas tax would cost the state treasury $164 million and creating the child tax credit would cost $130 million. Quinn also proposed a veteran employment tax credit that would cost $5 million to $10 million.

Quinn’s office said the child tax credit could save $100 a year for the average family of four.

The governor touched lightly on the state’s top financial challenges around growing pension and Medicaid costs, but outlined no policy prescriptions.

“In many ways, the speech was incomplete,” said Lang. “There were some critical budget issues on which he could have talked, but did not. He talked about Medicaid reform and pension reform, but posed no solutions.”

Lang hopes Quinn will provide detailed proposals during his budget address to the lawmakers on February 22.

“The legislature will need concrete, detailed and realistic budget proposals from the governor on February 22,” Lang added. “It will be a day of budget reckoning.”

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: