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September 19, 2014, 8:56 pm
970 WMAY News

Candidate Rauner Open to Tax Rate Negotiations


Republican candidate for governor Bruce Rauner is opening the door to discussions after the election on where the state income tax rate should be set, in the short term… even as he continues to call for a four-year phased reduction down to three-percent.

 

Rauner tells the Chicago Tribune that voters shouldn’t worry too much about rates in the short term… because in the long run, he says he will significantly reduce the income tax burden and create a more favorable economic environment for business.

 

Rauner’s statement leaves open the possibility that he will ask the legislature to extend the current 5-percent income tax rate past its scheduled expiration at the end of this calendar year.

 

If the rate rolls back to 3.75 percent as scheduled, it could create a huge budget gap in the current fiscal year.

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