Gross Receipts Tax Has No Support in the House

May 14, 2007

Springfield … Governor Blagojevich’s proposed gross receipts tax did not receive a single vote of support. House Resolution 402 sponsored by House Speaker Michael Madigan (Democrat) and House Minority Leader Tom Cross (Republican) is a non-binding resolution asking members if they support or oppose Governor Blagojevich’s proposed gross receipts tax.

“When will the Governor realize that “No means No?” The vote today made it clear that the gross receipts tax as proposed is dead in the House,” Reboletti said. “A simple box of macaroni and cheese under Blagojevich’s tax plan would be taxed 26 times before coming to your family’s dinner table. It’s simply outrageous.”

Reboletti also pointed out that the gross receipts tax hurts not only business and consumers but also local municipalities.

“The gross receipts tax will cost the Village of Addison between $250,000 and $500,000 in additional expenses to purchase supplies and equipment. That means that there will be less money to pave and repair local roadways or provide basic services to our residents,” said Joseph Block, Village Manager of the Village of Addison.

“Governor Blagojevich has said that the $7 billion in revenue from the gross receipts tax would be used to increase school funding. However according to estimates from the Governor’s office, the Itasca School District #10 would only receive $7,000 for fiscal year 08’. How can the Governor say that $7,000 will help improve the educational standards in my area?” Reboletti said.

For more information contact Dennis Reboletti at (630) 530-2730.

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