The Republican opponent to State Rep. Deb Conroy (D-Villa Park) for the 46th House District said her recent vote to increase income tax may actually create less revenue.
“Most people just can’t afford what they are being expected to pay now in Illinois in the way of property tax and income tax,” Dr. Jay Kinzler told the DuPage Policy Journal.
“When you have people being less burdened by tax that has to go to the government they can use that money for other things; for consumer goods, for investments, putting money into their home,” he said. “What that does is stimulate the economy. There are going to be more jobs. Then there is going to be more tax revenue coming in because more people are working and prospering.”
He said the flip side of the coin is when taxes are raised people are less likely to want to pay.
“When you are constantly taxing people and penalizing them for success, penalizing them for the work they do, they are going to work less or leave the state.
“When people keep more of their money, particularly through lowering income tax, those people will have more incentive to work harder, longer, maybe start another side business, maybe expand their current business.”
Kinzler’s comments come on the heel of a Truth In Accounting report that puts Illinois in the 49th spot due to its tax demands on residents.
Researchers at the nonprofit organization have estimated the average resident in Illinois has $50,400 in tax debt. It also claims the state has $235.9 billion in liabilities and only $25.5 billion in assets.
If elected, Kinzler said he has plans to cut down the burden on Illinois taxpayers.
“Number one is we need to not only do a property tax freeze but we need to do a property tax decrease. Number two is we need to roll back the tax increase that was put upon us by my opponent Deb Conroy,” he added. “I would even look at lower the taxes.”
District 46 includes all or part of Glendale Heights, Carol Stream and Villa Park.
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