from the IL GOP
CHICAGO – Earlier this week, State Senate President John Cullerton claimed in an op-ed in the State Journal-Register that, “I never had nor did I ever say I had a proposal to impose an income tax on retirement income. There is no John Cullerton retirement income tax.” However, the facts clearly dispute this:
Chicago Tribune, 3/7/11: “Influential Senate President John Cullerton on Monday suggested the state should start taxing retirement income….'It would just be a matter of fairness,' Cullerton said.”
Chicago Sun-Times, 3/8/11: “If they want to talk about, perhaps, taxing some of that retirement income — maybe tax retirement income up to age 65 — if we want to expand the tax base and sales taxes [as Mayor-elect Rahm Emanuel has proposed] — we can do that, then lower overall rates. I’m all in favor of that. That would be tax reform,” said Cullerton.