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Home Illinois News

IL Business Groups respond to Pritzker’s 2nd Budget Speech

Illinois Review by Illinois Review
October 27, 2022
in Illinois News
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IRMA Responds to Governor’s Budget Address

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The Illinois Retail Merchants Association (IRMA) issued the following statement regarding Gov. J.B. Pritzker’s Annual Budget Address: “This budget proposal demonstrates a lack of financial discipline that should raise questions about the wisdom of changing the Illinois Constitution to allow for a graduated income tax. Not only does this plan rely on questionable savings, it also escalates spending at a level that the state simply cannot afford, even if the graduated income tax were adopted,” said Rob Karr, president & CEO of the Illinois Retail Merchants Association. “At some point, Illinois must get serious about fiscal discipline. As we have done repeatedly in the past, IRMA will work with the General Assembly and Administration, to the extent they are willing, to address the challenges that impact us all.”

SPRINGFIELD – The Illinois Manufacturers’ Association (IMA) released the following statement regarding Gov. JB Pritzker’s annual budget address:

“Illinois manufacturers remain committed to working with Governor Pritzker and lawmakers to enact policies that create jobs, invest in our workforce and drive economic growth. Unfortunately, this budget proposal is built around a massive income tax increase on Illinois employers and families who are looking for meaningful reforms, property tax relief and fiscal restraint,” said Mark Denzler, president & CEO of the Illinois Manufacturers’ Association. “Illinois is an amazing state with many innate advantages, but the exodus of taxpayers will only grow worse if elected officials continue to pile higher taxes and costly regulations on job creators every single year.”

Illinois Chamber President and CEO Todd Maisch released the following statement on Governor Pritzker's Budget Address.
 
"The Illinois Chamber is encouraged by the governor’s budget plan, as it produces a balanced budget without increasing taxes by $3.6 billion, which would be triggered by the passage of a progressive tax scheme. By prudently holding down spending – through the $1.4 billion “hold”, the administration has made it clear to Illinoisans that another ruinous tax increase is unnecessary. We also call on the governor and the legislature to enact pro-growth policies that will increase tax revenues through economic growth without increasing tax rates.”
 

Statement attributable to Vote No on the Blank Check Amendment Chairman Greg Baise:

“Today, all we heard from the governor was a push for more spending, a massive tax increase and drastic to cuts to vital public services if he doesn’t get his way. Middle class families will not be intimidated by Governor Pritzker’s scare tactics. They understand that a balanced budget does not require handing Springfield politicians a blank check with their hard earned money."

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