What new sources, if any, would you support? Please be specific.

Budget

The Illinois Constitution demands a balanced budget. I would not support any new sources of revenue until we have eliminated all of the gross overspending.

I have led professional organizations that had difficulty time settling on a budget, and there were only 7 of us and we all liked and respected each other. Add a few hundred more egos to the mix; take away the empathy and respect, and you have the state General Assembly. In IL we have a unique dynamic in that Speaker Madigan has controlled the Illinois House for 36 years to our detriment. Under his tutelage, the years of Democrat-passed unbalanced budgets, tax increases, and refusals to negotiate or compromise has cost each one of us time and money.

1. Create the state's own health insurance company in the form of a public option. The purpose of this is to provide health care insurance without the executive pay and dividend payouts of private insurance companies. Money would be saved by a) operating with only a few administrative positions under state control, b) using economies of scale normally applied by insurance companies to control costs of medical services and pharmaceutical products.
2. Money saved by the state's insurance company would be subtracted from money collected through premiums with the surplus used to pay down the state's debts over time.
3. The state needs to form its own bank for the purpose of reducing banking costs associated with private banking such as executive pay and dividend payments. Normal charges for banking services collected through fees would be a source of revenue. The state bank would be enabled to make loans to citizens at a more favorable rate than they could obtain from current for-profit lending institutions. Money made through collected loan payments would be used to pay down state debts.
4. The state needs to form its own financial services brokerage company that operates without high executive pay or bonuses and provides investment services to citizens of the state. Such a company would be able to issue bonds for state projects while controlling fees Implement a "LaSalle Street" tax on financia transactions.

I think we need to restructure our entire revenue stream - reduce our dependence on local property taxes for K12 education; institute a graduated income tax, look at a "LaSalle Street" tax, consider supporting a sales tax on non-essential services.

I would support a progressive tax plan for Illinois. Before we start taking more taxes from everyone at the same rate - let's make it fair and just in terms of income levels.

I would support a progressive tax plan for Illinois. Before we start taking more taxes from everyone at the same rate - let's make it fair and just in terms of income levels.

Follow the lead of the Trump tax decrease and use lower taxes to increase production and revenues.

Everything is on the table that will help us move forward. But, I believe we need to make significant cuts and eliminations before we talk about revenue.

I do not and will not support any tax increases. Illinois' citizens are already among the highest taxed in the nation and it has helped cause our state's population shrinkage; we are becoming known as an "evacuation state." We should also roll back last summer's income tax increase and cap property taxes at 1% of property value.

I do not support additional sources of revenue. I support reigning in spending and identifying areas of waste within our budget.

Illinois is one of the highest taxed states in the country. We have plenty of taxes on the books. We don't need any more ways to tax Illinois residents

I would be open to voting for a new source of revenue, if and only if, there is a 100% guarantee that a new revenue source is associated with creating good paying jobs, ending out migration of our citizens, and bringing back citizens who have moved away due to our state's poor political and financial environment. More opportunities (created when less government is involved) in this state means more of a tax base (greater revenue). My main objective, once I am in Springfield, will be to decrease spending and pay our debts so we can attract and retain businesses which in turn leads to reducing the tax burden on our citizens.

I don't believe that increasing the cost of living or doing business in Illinois will solve anything right now. We need to expand our tax base and bring new businesses to Illinois. Shrinking the pie is not a solution. We have to make a bigger pie with many more participants.

As mentioned above, the path forward to balancing the budget should include real spending cuts, real government reforms - including pension reform - and policies to spur economic growth. I support selling the Thompson Center and other underutilized assets throughout the state.

I do not support new sources of tax revenue.

No response provided

The sale of bullets should be tightly controlled from production to final use. Manufacturers of ammunition, if they do business in Illinois, should be able to account for bullets. Transfer of ownership or possession of bullets should be taxed. The use of assault rifles in a crime should not only lead to increased sentences but also to financial penalties to the last owner of record. The seller of an assault rifle should be accountable for its use in a crime unless the seller can identify the person to whom the rifle was sold and demonstrate that a federal background check was completed.
Illinois should collect a toll or a tax for allowing the Dakota pipeline to pass through and benefit from Illinois.

I do not support introducing any new sources of revenue because Illinois' tax environment is the primary reason for Illinois' dramatic population loss. Speaker Mike Madigan was wrong to force through a massive income-tax increase in 2017 without any reforms. Now is not the time to hit Illinois families and small businesses with another tax hike. Instead, Illinois should look for ways to grow the economy and expand our tax base. This exodus has seen over $3.9 billion in taxable income leave Illinois. Unless we are considering deregulating certain kinds of commerce, my support for any new sources of revenue is contingent on dramatic, structural reforms to Illinois' government. This is especially true of any budget proposal under consideration.

I will not discuss any new revenue sources until true reform comes to fruition in Illinois. I'm not sure if real estate agents would be able to keep up with houses being put up for sale if more sources of revenue are created in Illinois.

No response provided

At this point - none.

I do not support a graduated income tax. More tax hikes on Illinois families and businesses will only make our problems worse

I do not support new revenue sources.

none at this time

I would support all new sources of revenue that make sense, do not lower our quality of life, and support the society we all want to live in. I would not support any sources of revenue using false pretenses as a guise to make up for Springfield's past irresponsibility. That is not common sense governance and does not treat the taxpayers with the common courtesy they deserve.

In the past, legislators have relied on raising taxes without adjusting spending accordingly. Again, with the budget in its current situation, this is not a common sense approach and does a disfavor to the constituency. Again, I do not want to raise taxes . However, I have several other ideas to maximize existing revenue streams and identify new prospects which will not directly affect current tax burdens. For example, I would support any measure that requires divisions of government with appropriated funds to be more efficient and maximize the value of taxpayers' funds.

Second, I am fully in favor of legalization of marijuana. The days of Refer Madness are over and there is a clear model to follow from other states with a proven track record to yield huge revenue streams.

Third, I believe an initiative to reduce the state sales tax would have a net positive revenue effect. By actually reducing sales taxes, consumers will be incentivized to make more purchases and, more importantly, make them from brick-and-mortar Illinois stores. We need to stop encouraging people to drive out of state for major purchases, and stop people from moving away due to the cost of day-to-day necessities. Finally, a progressive income tax would provide a more equitable and beneficial tax structure, but that is up to everyone. By not spending as much, saving from creating a more efficient government, and making thoughtful analytical adjustments to our government's revenue structure, Illinois will be more marketable to citizens and businesses, resulting in impactful net revenue increase.

I support a graduated income tax, closing corporate loopholes, and a financial transaction tax to raise more necessary revenue.

The most important revenue source should be a graduated income tax. Historically, states with a graduated income tax have recovered faster in a recession than states with a flat tax structure. We also need to close corporate tax loopholes. I also support exploring other sources of revenue that many other states utilize, such as the "LaSalle Street tax," taxation of retirement income and/or an expansion of services subject to tax. Ultimately, our guiding principle in choosing revenue sources, should be ones that are reliable, stable and not regressive and can support our economy even in the downturns.

I could be supportive of any of the following if they are implemented correctly: a progressive income tax, financial transaction tax, the legalization and taxing of recreational marijuana, and a tax on luxury services. There may be others that I would consider, but I oppose any that would make our tax system more regressive than it already is.

First, I would bring the sales tax into the 21st century by acknowledging the increased role of services in our economy. We can tax services that are used by more affluent taxpayers, such as country club memberships, lawn care, and spa services. This approach will continue to protect the incomes of middle income taxpayers. I also support legalizing and taxing marijuana, a financial transactions tax, and responsible expansion of gambling. None of this will be adequate, however, without establishing a graduated income tax.

I would support several new revenue streams, including legalizing, taxing and regulating the sale of recreational marijuana. Another possible source could be to look at bringing a casino to Chicago. I also think that passing balanced, bipartisan, budgets will encourage more businesses to move to Illinois and keep educated workers here, which will help grow our tax base.

Progressive Income Tax: Please see my answer to the next question below for the details of my proposal. Services Tax: According to US News and World Report the average state in the US levies a tax on 56 types of services whereas IL taxes only 17 types of services. The service tax is at the rate of 6.25% which is the state sales tax rate. As a result, IL is leaving a potentially large amount of revenue on the table. In today's service based economy, taxing just goods is becoming less and less important, and it has become regressive. There have been recent proposals in Springfield to extend it to other sectors of the economy such as storage spaces, pest control, landscaping, and some types of personal care, etc, but it has been defeated so far. I will work to not only pass these services taxes, but to extend them to others area of the economy as well. For example, I would even support a tax on legal fees. However, I would be willing to consider taxing services at a lower rate.

Pension Tax: IL is one of only three states that have an income tax, but then completely exclude all retirement benefits. This started in 1984 and it is costly. There is no tax on social security, 401k's, or distributions from IRA's, for example. I would support an income tax on these amounts so long as it is just a tax on amounts that exceed $75,000 per year. That way the people who have relied on receiving these funds tax-free at retirement will not be affected so long as their pensions (plus social security) are relatively modest. But people that are receiving large annual pensions (such as $200,000 per year which is not uncommon in IL) will pay income tax on just the amounts that exceed the $75,000 threshold. I have read that such a tax could raise approximately 1.5 billion per year for IL. I would agree to this tax only on the condition that it be specifically earmarked to be paid directly to the state pension funds, so that we can decrease the pension ramp that will be so painful for our state and our children in the near future.

As a stand-alone issue, I do not support any new sources of revenue.

I support no new sources of revenue, on the net, without other revenue sources being eliminated. So, for a new source of revenue to be supported, an old revenue source would need to be repealed. I am willing to consider new sources that have not yet been discussed, with the conditions noted above. One example I could support is to increase tourism revenue through the state parks system. This may include opening up or even constructing locations for concessions and other attractions to private vendors in order to draw in more tourism.

I support no new sources of revenue, on the net, without other revenue sources being eliminated. So, for a new source of revenue to be supported, an old revenue source would need to be repealed. I am willing to consider new sources that have not yet been discussed, with the conditions noted above. One example I could support is to increase tourism revenue through the state parks system. This may include opening up or even constructing locations for concessions and other attractions to private vendors in order to draw in more tourism.

As a stand-alone issue, I do not support any new sources of revenue.

Tax incentives to bring new business into the state, which would create jobs to benefit everyone.

I would support progressive Taxes that raises money from the growing areas of the economy. For example, our sales tax production of goods but leave mostly untouched business and financial services. I would support a graduated, progressive income tax, a tax on financial services (Financial TransactionTax), and expansion of the state sales taxes to apply to business and financial services, and a tax on recreational marijuana.

I would support progressive Taxes that raises money from the growing areas of the economy. For example, our sales tax production of goods but leave mostly untouched business and financial services. I would support a graduated, progressive income tax, a tax on financial services (Financial TransactionTax), and expansion of the state sales taxes to apply to business and financial services, and a tax on recreational marijuana.

I support a constitutional amendment for a progressive income tax. It will take a few years for the process of a constitutional amendment for a progressive income tax to pass and be implemented. In the interim, my plan to provide some tax relief to working families is to allow a capped income tax deduction for sales taxes. This would greatly benefit middle and lower income families, and avoid the burden of double taxation. To make up for the lost revenue, the State could close sales and use tax loopholes used primarily by corporations or expand the sales tax base to services. In either case, we can increase revenue to the state while at the same time providing significant income tax relief to working families. I will post details of the plan on my website, www.neighborsforanneshaw.com.

The State of Illinois requires stable and predictable revenues to support core operations, and manage the debts that have built up over years of irresponsible budgets. There are a number of potential sources of revenue that can do this and that I support. In the long run, I believe that a fair graduated income tax, with lower rates for lower incomes and higher rates for higher incomes, is one of the most concrete ways our state government can raise revenues fairly and increase our investments into social services and education funding. I have been an advocate for the Fair Tax for many years and was the Deputy Director at Community Renewal Society as the organization actively worked to get a constitutional amendment for the Fair Tax on the ballot in the spring 2016 legislative session.

In addition, we also need more readily available funding sources in the short term. I support:

-Closing corporate loopholes in our state tax system. I support SB 1719/HB 3393 to tax hedge fund managers and private equity traders whose large profits currently go untaxed, as well as closing corporate tax loopholes as outlined in HB4004. Now, as corporations are poised to benefit from lower federal taxes, is the time to act on this.
-Legalizing and taxing recreational marijuana. In addition to bringing in substantial new revenues, decriminalization has the potential to lower enforcement and incarceration costs to state and local governments.
Expanding sales taxes to cover more services. Expanding our sales tax base could generate several billions annually and this would significantly help us balance our budget without cutting vital social and public services. (Iowa, for example, taxes hundreds of services, while Illinois taxes only 17 services).

New sources of revenue could and should come from a number of sources including: -Legalized marijuana revenue -Closing the carried interest loophole so hedge fund managers pay their fair share -Casino expansion (and the associated spin-off tax revenue) -A millionaire's tax amendment -A progressive income tax amendment -Expanded sales tax on services -Eliminating ineffective corporate tax breaks that cannot demonstrate a corresponding "public good."

A progressive income tax, as well as a sensible service tax that would open up an opportunity to tax luxury items and services; such as spa packages and yachts.

Progressive income tax Financial Transaction tax Gaming Recreational use of Marijuana

One way to generate greater revenue is through a graduated tax. Illinois is one of a handful of states that does not already have a graduated tax system- we are not tapping into key financial resources and we are putting undue burden on our low and middle class families. I will advocate for the analysis of the use of property taxes, application of special subsidies, as well as a study of how other states have confronted the issue of inequity and proper use of state funds that actually result in improvement of our systems and infrastructure.

Progressive income tax Financial Transaction tax Gaming Recreational use of Marijuana

No response provided.

Energy: Bringing new Manufacturing energy technology to Illinois. Raising minimum wage.

Primarily, we need a graduated income tax structure, like most states and the federal government. Billionaires and waitresses shouldn't pay the same income tax rates. And while revenue isn't the primary reason to pursue it and the amounts would be a drop in the bucket, there is also revenue (and economic growth) to be had in legalizing recreational marijuana for adult use. Closing corporate tax loopholes is another.

We can achieve major financial savings by eliminating waste in state government, there are bloated bureaucracies across our state government that are inefficient that we must reform. We need to do efficiency audits for every single state department and eliminate waste and consolidate where we can. There many opportunities for interdepartmental cooperation that have been missed. Also, we have more taxing bodies in the State of Illinois than any other state and if we eliminate some of them such as township governments in Cook County that would create the possibility for the savings to instead be steered towards our public education system.

We can also end no bid contracts which would result in major savings for the taxpayers. We can also lease state land to companies for advertising and use that revenue for schools. I would also support advertising space leased to companies for advertisement along Illinois Tolls. We also support a casino in Chicago in which 30% of the revenue go to the schools.

We can achieve major financial savings by eliminating waste in state government, there are bloated bureaucracies across our state government that are inefficient that we must reform. We need to do efficiency audits for every single state department and eliminate waste and consolidate where we can. There many opportunities for interdepartmental cooperation that have been missed. Also, we have more taxing bodies in the State of Illinois than any other state and if we eliminate some of them such as township governments in Cook County that would create the possibility for the savings to instead be steered towards our public education system.

We can also end no bid contracts which would result in major savings for the taxpayers. We can also lease state land to companies for advertising and use that revenue for schools. I would also support advertising space leased to companies for advertisement along Illinois Tolls. We also support a casino in Chicago in which 30% of the revenue go to the schools.

See above. The wealthy need to pay their fair share, especially since they just got such a nice gift from Trump.

Illinois is a leader in renewable energy, environmental restoration, and agriculture. Focusing on these strengths can save money and generate new industries.

Illinois is a leader in renewable energy, environmental restoration, and agriculture. Focusing on these strengths can save money and generate new industries.

I am a strong advocate in generating new sources of revenue that do not adversely impact our residents and taxpayers. I am a strong supporter of a Financial Transaction Tax which places me in alignment with my opponent who sponsored HB 0106 3 years ago. However, since then she has been incapable of garnering support (NOT EVEN ONE CO-SPONSOR) and allowed this Bill to die in the Rules Committee last January (2017). This proves that whatever influence my opponent had has waned and her voice is no longer relevant in the General Assembly just as it is in our District. I will re-introduce a Financial Transaction Tax Bill and with my leadership, obtain co-sponsors, get it out of Committee and move it to the floor for a vote. With the amount of projected revenue raised from this ($10-12B), it is the single greatest way to jump starting the resolution to our fiscal crisis and save our state

I am a strong advocate in generating new sources of revenue that do not adversely impact our residents and taxpayers. I am a strong supporter of a Financial Transaction Tax which places me in alignment with my opponent who sponsored HB 0106 3 years ago. However, since then she has been incapable of garnering support (NOT EVEN ONE CO-SPONSOR) and allowed this Bill to die in the Rules Committee last January (2017). This proves that whatever influence my opponent had has waned and her voice is no longer relevant in the General Assembly just as it is in our District. I will re-introduce a Financial Transaction Tax Bill and with my leadership, obtain co-sponsors, get it out of Committee and move it to the floor for a vote. With the amount of projected revenue raised from this ($10-12B), it is the single greatest way to jump starting the resolution to our fiscal crisis and save our state

yes a graduated income tax. An increase in school funding will allow school districts to lower the property tax levy from the schools.

I would support the legalization of recreational marijuana as an additional source of revenue for the state. I would support the licensing of additional casinos and allowing for racinos. I would also support an alternative to the state's current flat income tax model. In every instance, I would push for increased funding for schools to be earmarked from each of these

I am not, currently, supportive of additional revenue. I believe there should be a concerted effort to balance the budget without additional sources.

I would support a graduated income tax, decoupling of the state tax on corporate investment, tax on legal marijuana sales, and perhaps a LaSalle Street tax.

A progressive/graduated income tax, closing corporate tax loopholes, and legalizing recreational marijuana will go a long way to close current budget gaps.

Illinois has to do more to attract new businesses by providing sustainable tax incentives to lure more manufacturing jobs and R&D tax incentives to attract innovation

A progressive income tax is critical but likely insufficient. A state level estate tax increase as well as a tax on financial transactions would go a long way to closing the budget gap without increasing the tax burden on those least able to pay. Additionally, Illinois' corporate tax code is riddled with loopholes, allowing 65% of corporations to pay no state income tax. Closing these loopholes will bring substantial new revenue.

I support moving to a graduated income tax and a constitutional amendment to allow for that tax. I also support, or would consider, the following: expanding the sales tax to some services and to more internet purchases; a financial transaction tax; a coal extraction tax supported by the Sierra Club; and legalization, regulation, and taxation of recreational marijuana for adults. Stabilizing our revenues will allow the state to meet its obligation to finance our public education system, address our infrastructure needs, and provide the services that protect the health and well-being of our citizens.

I recognize that new taxes are not popular. I would urge the new governor and new General Assembly in January 2019 to come together in the spirit of compromise and good will to agree on revenues necessary for the state and its citizens to thrive. A financially stable state is essential for businesses, as well. With business health comes more jobs and financial health of workers who fill them.

Taxing recreational Marijuana, moving to a progressive tax with more revenue, and removing tax loopholes for large corporations. While removing large corporate tax loopholes we should increase tax credits and opportunities for small business to encourage job growth and main street rejuvenation.

I would support both a graduated income tax and extension of sales tax to only specific types and categories of services including high-end, luxury services where there is significant price inelasticity as potential new sources of revenue for the state.

I support moving to a graduated income tax and a constitutional amendment to allow for that tax. I also support, or would consider, the following: expanding the sales tax to some services and to more internet purchases; a financial transaction tax; a coal extraction tax supported by the Sierra Club; and legalization, regulation, and taxation of recreational marijuana for adults. Stabilizing our revenues will allow the state to meet its obligation to finance our public education system, address our infrastructure needs, and provide the services that protect the health and well-being of our citizens.

I recognize that new taxes are not popular. I would urge the new governor and new General Assembly in January 2019 to come together in the spirit of compromise and good will to agree on revenues necessary for the state and its citizens to thrive. A financially stable state is essential for businesses, as well. With business health comes more jobs and financial health of workers who fill them.

Taxing recreational Marijuana, moving to a progressive tax with more revenue, and removing tax loopholes for large corporations. While removing large corporate tax loopholes we should increase tax credits and opportunities for small business to encourage job growth and main street rejuvenation.

I would end corporate welfare and bring transparent, data-driven decision making to our state. I will eliminate the spending that yields no benefit to Illinoisans.

I would support both a graduated income tax and extension of sales tax to only specific types and categories of services including high-end, luxury services where there is significant price inelasticity as potential new sources of revenue for the state.

I support a fair tax system that ensures that millionaires and billionaires pay their fair share and closes corporate tax loopholes for the most profitable companies.

I would end corporate welfare and bring transparent, data-driven decision making to our state. I will eliminate the spending that yields no benefit to Illinoisans.

I would support a progressive income tax. When considered as a whole, Illinois has one of the most regressive tax systems in the country, placing the greatest burden of funding our government on those least equipped to pay for it. As such, I am adamantly opposed to the "nickel and dime" taxes and fees (taxes on cell phones, cable bills, utility bills, plastic bags, bottled water, sweetened beverages, etc.). I will only support new revenues that are progressive in nature and that place the burden on those who have benefited the most.

I would support a progressive income tax. When considered as a whole, Illinois has one of the most regressive tax systems in the country, placing the greatest burden of funding our government on those least equipped to pay for it. As such, I am adamantly opposed to the "nickel and dime" taxes and fees (taxes on cell phones, cable bills, utility bills, plastic bags, bottled water, sweetened beverages, etc.). I will only support new revenues that are progressive in nature and that place the burden on those who have benefited the most.

We need to manage our spending and waste first. Medicaid seems like the best place to start. Manage the system and remove those who are not eligible and reign in the fraud and we will save millions.

We need to manage our spending and waste first. Medicaid seems like the best place to start. Manage the system and remove those who are not eligible and reign in the fraud and we will save millions.

I do not support tax increases or new sources of revenue.

No response provided

Until Structural reforms are made in Illinois, any potential new revenues should not be considered. We need to live within our means just the same as every Family in Illinois does daily.

We need to lower taxes and reduce regulations. This will help to alleviate undo pressure on taxpayers and job creating businesses. It will stimulate growth in commerce and produce more revenue for the state. This will stop residents from fleeing to neighboring states.

Until Structural reforms are made in Illinois, any potential new revenues should not be considered. We need to live within our means just the same as every Family in Illinois does daily.

We need to lower taxes and reduce regulations. This will help to alleviate undo pressure on taxpayers and job creating businesses. It will stimulate growth in commerce and produce more revenue for the state. This will stop residents from fleeing to neighboring states.

I would support tax revenue from legalized recreational marijuana and from 5 new gaming licenses (1 for Chicago and 4 for areas on Illinois' borders).

I do not support tax increases or new sources of revenue.

No response provided

I would support tax revenue from legalized recreational marijuana and from 5 new gaming licenses (1 for Chicago and 4 for areas on Illinois' borders).

The best new form of revenue is economic growth. We haven't tried that in a long time in Illinois. Also, we need to turn around the mass exodus. We are losing too many taxpayers. With millennials being the biggest age group leaving the state we are also losing our future taxpayers. Turning those two things around will do more to increase revenue than any tax increase can. Illinois does not have a revenue problem. Illinois has a spending problem and that's where I will be laser focused —passing legislation that deals with overspending. I've served on the DuPage County Board for six years and have never voted for a tax increase. During my tenure, DuPage County has actually reduced our overall budget by $36.5 million saving taxpayers an estimated $110 million. We accomplished this through joint procurement, shared services, and consolidation. That's how you balance a budget - by cutting spending and reforming how government operates. These are the types of reforms I will bring to Springfield along with the experience and courage to implement them.

No response provided

The best new form of revenue is economic growth. We haven't tried that in a long time in Illinois. Also, we need to turn around the mass exodus. We are losing too many taxpayers. With millennials being the biggest age group leaving the state we are also losing our future taxpayers. Turning those two things around will do more to increase revenue than any tax increase can. Illinois does not have a revenue problem. Illinois has a spending problem and that's where I will be laser focused —passing legislation that deals with overspending. I've served on the DuPage County Board for six years and have never voted for a tax increase. During my tenure, DuPage County has actually reduced our overall budget by $36.5 million saving taxpayers an estimated $110 million. We accomplished this through joint procurement, shared services, and consolidation. That's how you balance a budget - by cutting spending and reforming how government operates. These are the types of reforms I will bring to Springfield along with the experience and courage to implement them.

I would support the acquisition of companies like Amazon that would bring new sources of income, but The state must also be ready to address soaring taxes as well as overbearing regulation on companies.

No Response Provided.

I would support additional sources of revenue including taxing recreational marijuana use, advocating for sports gambling, and amending the constitution to allow for a progressive income tax.

The legislature could also expand the sales tax base to include consumer services or tax some retirement income.

No Response Provided.

I would support the acquisition of companies like Amazon that would bring new sources of income, but The state must also be ready to address soaring taxes as well as overbearing regulation on companies.

I would support additional sources of revenue including taxing recreational marijuana use, advocating for sports gambling, and amending the constitution to allow for a progressive income tax.

The legislature could also expand the sales tax base to include consumer services or tax some retirement income.

I do not support new sources of revenue. We can not burden the taxpayers any more.

I do not support new sources of revenue. We can not burden the taxpayers any more.

I support two. One is SB1970 or "The LaSalle St. Tax" also called a financial transaction tax. It take one line of code to implement. It is a $1.00 charge on agricultural trades and $2.00 on all other trades at the MERC and the CBOT. 11 countries in the European Union either have a FTT or will be implementing one soon. The tax is highly progressive. Three-quarters of the tax falls on the highest-income 20 percent of households, and 40 percent would be paid by taxpayers in the top 1 percent. It's not quite the "Robin Hood Tax" that some proponents claim — some of the burden would fall on middle-income investors and retirees — but it's pretty progressive.

The second revenue stream I support is the legalization, regulation, and taxation of cannabis. In Colorado's first year after legalization the state Department of Revenue reported that official sales of recreational and medical marijuana from dispensaries generated $135 million in tax revenue.[Wikipedia] Marijuana is still considered a Schedule 1 drug by the Federal DEA, therefore no federal banks can touch the business so it is still a cash business leaving dispensaries vulnerable. A State bank could solve that problem but then the problem with a State bank is it would not have FDIC insurance. A few things to work out.

If the new income tax rates that were voted in this past July are not sufficient to fund all of the necessary services, and after trimming back expenses the best we can (per my answer above), we could generate additional revenues from a graduated income tax. See question below for more details.