Dan Proft - Support Common Sense - Support Proft for Governor

From: Dan Proft [mailto:dan@danproft.com]
Sent: Sunday, January 10, 2010 10:59 PM
To: mjgreytak@gmail.com
Subject: RE: tax info



Ms. Greytak,



We have to get structural tax-and-spend policy correct if we want to attract capital investment in Illinois. One-time tax credits, sales tax rebates and other ancillary economic development tools are not enough.



We need to cut taxes on work and investment, which is why I have proposed cutting the personal and corporate incomes taxes in half and eliminating the estate tax.



We need to restrain the public sector from crowding out private sector investment, which is why I have proposed imposing statutory spending caps that freeze state spending at current levels and only allow for annual growth equal to the sum of population growth plus inflation. Any monies collected in excess of that allowable incremental growth would be rebated to taxpayers to keep Springfield on that spending discipline year-over-year.



Structural tax cuts and statutory spending caps only work to create a climate for sustainable economic growth every single time they are tried and every place they have been tried.



There are other areas where wholesale system change is required to make Illinois a more attractive place to do business including reforming our worker's compensation system; taking on the trial lawyers; making state agencies like IEPA more responsive and less predatory. However, if we do not get our fundamental tax-and-borrow-and-spend policies right, Illinois will continue in its economic death spiral until we land in bankruptcy court.



In endorsing my candidacy for Governor, former State Sen. Steve Rauschenberger called my ideas "not only workable but absolutely necessary". Sen. Rauschenberger was the former Chairman of the Senate Appropriations Committee so he knows of what he speaks when it comes to state finances and attracting business.



Lastly, Illinois has to invest in our comparative advantages in the global economy-that means properly investing on a year-to-year basis on our transportation infrastructure to improve the flow of commerce to, from and through Illinois via our roads, rail, waterways and airports.



Some of my quick thoughts on the subject. I hope this answers your question. If you have additional questions or concerns you would like me to address, please advise and I would be happy to do so.



Regards,



Dan Proft



dan@danproft.com

312.446.6488 c

www.proft2010.com







From: Mary Jo Greytak [mailto:mjgreytak@gmail.com]
Sent: Friday, January 08, 2010 9:53 AM
To: General Mailbox
Subject: tax info



To Whom It May Concern:

I have been following Dan's campaign releases with great interest and find I agree with him on pretty much all I've read to date. My question is what does he see as avenues to grow our economy while reducing the taxes already in place. How will his team go about inviting substantial businesses to our state and winning back reliable employers? It all sounds good but I wonder what changes we can really expect.

Thank you.

Mary Jo Greytak