By Bill Cameron, WLS-AM News
(CHICAGO) One of the big bond houses is threatening to lower its credit rating for the State of Illinois, but Governor J.B. Pritzker is NOT alarmed.
Standard & Poors says Illinois needs to raise more revenue sooner than later, but Pritzker says that’s what you’d expect them to say.
“Their interest, of course, is bringing in revenue as fast as humanly possible. They don’t care if it affects the middle class or those striving to get there. Who I’m speaking to are the middle class, the working class, people who’ve been put upon by an unfair tax system that unfortunately taxes them to a greater degree than those who earn higher incomes.”
And in the next week, the governor says he’ll be negotiating rates with legislative leaders for his proposed graduated income tax.
@ 2019 WLS-AM News
