NFIB: Small Business Applauds Veto of $5 Billion Tax Increase

Date: July 02, 2017

Related Content: News Economy Illinois Taxes

UPDATED July 4, 2017
 
Mark Grant, state director of the National Federation of Independent Business released the following statement today in response to Gov. Bruce Rauner’s veto of a $5 billion tax increase:
 
“Today, as we celebrate our nation’s fight for self-determination, we are reminded of the importance of co-equal branches of government. Small employers understand the need for Illinois to pass a balanced budget and to pay its bills. But S.B. 9 would have driven up the cost of living and doing business in Illinois without addressing serious issues such as the lack of workers’ comp reform, skyrocketing property taxes, and Illinois’ busted pension system.
 
“We think the governor’s veto gives the Legislature the opportunity to take another pass at the budget, along with economic reforms that will finally put Illinois back on the right track. This appears to be a pivotal moment in our state’s history, we cannot afford to get it wrong.
 
 
ORIGINAL POST, July 2, 2017
 
Mark Grant, state director of the National Federation of Independent Business, released the following statement this evening on SB 9, legislation raising taxes in Illinois by over $5 billion annually.
 
“Our members are angry but hardly surprised by today’s vote. The permanent income tax increase and state budget that passed out of the House today doesn’t do nearly enough to address the state’s very serious financial crisis. The Legislature failed to address skyrocketing property taxes and repair the state’s broken workers’ comp system. Instead, House leadership have saddled small businesses and their employees with a huge tax bill.
 
“Governor Rauner has promised to veto this damaging legislation. We’re asking House members to reconsider today’s action and use this opportunity to pass meaningful reforms that would help small businesses grow and create jobs.”
 
NFIB is Illinois‘ leading small-business association. To learn more, visit www.NFIB.com and follow @NFIB_IL on Twitter. 

 

 

Related Content: News | Economy | Illinois | Taxes

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