There are many ideas on the table to attempt to fix the state of Illinois’ budget problems, but perhaps one of the worst ideas being pushed is a proposal to tax retirement income in Illinois.
Retirees in Illinois pay federal taxes on their retirement income, and they also pay state and local taxes, such as motor fuel taxes, property taxes and utility taxes. It’s been reported secret working groups have been discussing a massive retirement tax.
Taxing retirement income would be disastrous and would hurt Illinois senior citizens. I’m committed to stopping any Illinois retirement tax. I’m chief sponsor of House Resolution 890, which strongly opposes efforts to tax retirement income. I currently have 56 sponsors for my resolution, and it’s supported by the AARP, which represents 1.7 million members in Illinois.
Read the full letter to the editor from Rep McSweeney at the Daily Herald