Rauner: Reduce income taxes 'over time'

Rauner: Reduce income taxes 'over time'

CHAMPAIGN — Gov. Bruce Rauner, in a brief campaign stop at Pavlov Media in downtown Champaign, called for reduced regulatory and tax burdens on Illinois businesses, and enactment of term limits.

But Rauner said he would favor a gradual reduction in income taxes — not an immediate repeal — after the Legislature this summer increased the individual income tax rate from 3.75 percent to 4.95 percent.

"What we need to do is roll that income tax hike back over time. It won't happen day one but if we can reduce it in the future years, bring it down over time — a lot of states have no income tax, I'm not advocating that necessarily — but I'd like to bring it back to 3 percent, where it used to be for a long time," the governor told reporters.

Asked if his call for reducing the income tax "over time" was an admission that the tax increase was needed, Rauner said it wasn't.

"No, absolutely not, just the opposite," he said. "We've got to shrink the spending in order to keep a balanced budget. That's why it takes a couple of years to do."

Rauner began his reelection campaign in Decatur on Monday morning.

The theme of Rauner's effort is "Our Home Our Fight," with a plan that calls for a property tax freeze, increased employment, enactment of term limits, rolling back the income tax and "keeping families safe and rebuilding lives" through fighting opioid abuse.

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spangwurfelt wrote on November 13, 2017 at 6:11 pm

Bruce Rauner: one and done.