State Representative Elaine Nekritz on Chicago Tonight last night.
I had no sooner finished my previous post on the ethics of how we retirees are treated than my email alert started binging like an ice cream truck in Chicago in mid-July.
Trust me when I tell you that Illinois retirees watch Chicago Tonight.
Like retired teacher Lee Talley who emailed me:
Just letting you…State Rep. Elaine Nekritz tipped her hand last night during a panel on Chicago Tonight.
Get ready for a state income tax on your pension check. It’s one of the proposals for trying to balance the budget.
She glossed over the idea very quickly, then changed the subject.
Last night Carol Marin had a panel that consisted of Democratic Representative Elaine Nekritz and Senator Kwame Raoul. And some Republicans.
Carol asked if Elaine has considered alternative revenue sources.
Elaine responded by sharing the fact that almost half of retirement income in the state goes to those under 65, suggesting they would tax that.
No suggestion of a graduated income tax. Or a tax on millionaires. An increase in corporate taxes or a stock transaction tax.
The first and only thing that popped out of Elaine’s mouth was a tax on retirement income.
Carol Marin looks somewhat shocked.
Carol asked, “Isn’t that Democratic Party heresy?”
Avoiding taxing the rich and going after retirement benefits isn’t Democratic Party heresy.
It’s Democratic Party policy.