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Thursday, March 20, 2014 12:01 am

Editor's Note 3/20/14

Now that Bruce Rauner is the Republican nominee for governor, battle lines are drawn and stakes are high for the fall election. Gov. Pat Quinn will begin staking out ground in his March 26 budget address, making the case that allowing the temporary income tax hike to expire without a replacement, as Rauner advocates, would be a fiscal disaster. The recent report of the Fiscal Policy Center at Voices for Illinois Children explains that state tax cuts don’t improve economic growth. To the contrary, “a state economy is hurt by reducing support for schools, health care, transportation, public safety and other building blocks of job creation and widespread prosperity.” If current tax rates are allowed to expire Jan. 1, progress in reducing the state’s backlog of unpaid bills would come to a halt and the state’s credit rating would likely be downgraded. It will be tough for Quinn to convince voters to stay the course with him rather that throw in with the newcomer who’s willing to demagogue on tax issues. But Illinois’ future depends on it. –Fletcher Farrar, editor and publisher

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