HR0891 100TH GENERAL ASSEMBLY

HR0891 LRB100 21106 MST 36986 r

HOUSE RESOLUTION

WHEREAS, Illinois' income tax has been levied at a non-graduated rate since its inception in 1969; and

WHEREAS, The current flat rate structure is a commitment from the Constitution of the State of Illinois; and

WHEREAS, Illinois' current flat tax rate provides a more predictable, sustainable, and enticing climate for businesses and individuals alike; and

WHEREAS, A graduated income tax is unresponsive to a modern economy, contributing to slower economic growth, less entrepreneurship, and fewer new jobs; and

WHEREAS, States with lower tax burdens, lower marginal tax rates, and less progressivity have more robust economies, with strong incentives to live, work, and start new businesses; and

WHEREAS, A graduated income tax creates an ever-increasing disincentive for work at each "step" in the marginal tax rate; and

WHEREAS, Sound tax policy should reward work effort, saving, investment, risk-taking, and entrepreneurship to promote self-sustaining prosperity; and

WHEREAS, Taxpayers would have no certainty what the final tax rates would be in the event that a constitutional amendment permitting a graduated income tax goes before voters; therefore, be it

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE HUNDREDTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we state our belief that the Illinois Constitution should not be amended to permit a graduated income tax; and be it further

RESOLVED, That suitable copies of this resolution be delivered to all Illinois constitutional officers, the Speaker and Minority Leader of the Illinois House of Representatives, and the President and Minority Leader of the Illinois Senate.