To the Editor:
I do not believe the average voter truly understands the implications of the pending “Fair Tax Amendment” as the news channels are not reporting the hidden agenda of the drafters of the proposed amendment. It is imperative voters educate themselves before casting a vote on the “Fair Tax Amendment” this coming November.
Voting YES means that the Illinois Constitution will be amended. Amending the Illinois Constitution has huge implications.
Currently, Illinois has a flat tax system for state income tax. The rate is 4.95% for everyone. If passed, the proposed “Fair Tax Amendment” imposes a graduated tax system with different tax rates at different income levels. The current proposal will supposedly only increase the actual amount of tax paid on those making over $250,000. I’m sure the majority of people are thinking, “Why not, I don’t make that much, so it won’t affect me. Put it to those rich folks."
This is why you should vote NO:
1. The “Fair Tax Amendment” will give TOTAL control to the Illinois Legislature to make future changes to the Illinois Tax Code as it sees fit. I think we can all agree that giving TOTAL control to politicians who have proven by their past conduct they are incapable of managing the state’s finances in a responsible manner is not a good idea. If the “Fair Tax Amendment” doesn’t generate the expected revenue by increasing taxes on higher earners politicians will have the authority to make additional changes until they achieve the desired revenue. Moreover, the politicians can do so without any additional voter approval;
2. In the future, the politicians could push a higher tax rate downward to incomes well below the proposed $250,000 to those households making below $100,000 or even less.
3. The politicians could choose to tax retirement income from 401k’s and pensions, which currently isn't taxed by the state.
4. The politicians will be able to increase taxes at will on small businesses and farmers.
This is not a partisan issue. This is a control issue. The state Legislature will be able to do what they want, when they want without accountability for their actions.
With the amount of documented corruption and under the table dealings rife in Illinois politics do we, as voters with a choice, want to give elected officials the ability to further reach into our pocket any time they want?