The Illinois Asset Building Group aims to build the strength and stability of Illinois families and communities through the promotion of asset-building policies and programs. Fair and adequate revenue policies are critical to assuring supports for families struggling to build assets – healthcare, education, public safety and others. To meet these needs, the tax system must not be overly burdensome on those who can least afford it.
IABG supports Governor Quinn’s budget proposal as a way to help provide the tools for families and communities to build assets while addressing Illinois’ longstanding structural deficit, now deeply exacerbated by the recession. Under Governor Quinn’s proposal, five million Illinoisans with income at or below the median income will not have a tax increase; many will actually pay less, providing them with extra income to stimulate the economy and build assets. The added spending in the proposed budget, in combination with the federal stimulus money, will help create jobs, overcome the recession, and put our state back on the track to provide economic stability and upward mobility for all those living in Illinois.
