SCHAUMBURG, IL – After word that the Illinois Senate will not vote on the major components of the so-called "grand bargain" today, the Technology & Manufacturing Association (TMA) applauds this news and urges the Governor and legislature to negotiate a better plan for families and employers.
"The current 'grand bargain' is no bargain for the families and employers of Illinois. Increasing taxes on families and businesses without program reform and spending reduction is only ½ of a deal," said Steve Rauschenberger, President of TMA and former State Senator.
"Members of the TMA compete in a worldwide marketplace to win business. Manufacturers provide solid middle class jobs for hundreds of thousands of families in Illinois. Asking manufacturers and their employees to sacrifice more so that Springfield politicians can avoid tough budget cuts is wrong."
The "grand bargain" as it is currently constructed would raise income taxes on families and on their employers, in addition to sales tax increases. Yet there is nothing in this budget compromise that helps make Illinois employers more competitive, that strengthens Illinois families, or that reins in out-of-control State of Illinois government spending.
It is time for the legislature to get to work and focus on the real issues plaguing Illinois and driving business – specifically manufacturing – out of state.