In response to Moody's downgrade of Illinois' bond rating yesterday, GOP U.S. Senate nominee Mark Kirk blasted Democratic rival Alexi Giannoulias this morning for his purported silence on Illinois' fiscal crisis. In fact, in his capacity as state treasurer, Giannoulias has been consistent and vocal in his support of an income tax increase (which he would like to see coupled with some form of property tax relief). It's hard to imagine that Kirk could have forgotten this, considering that, back in March, his campaign posted video to their YouTube channel of Giannoulias expressing that very opinion:
Considering that the Moody's news triggered Kirk's latest broadside, it should be noted that they believe new revenue -- such as that generated by an income tax increase -- would bring the bond rating back up:
[I]n its analysis of Illinois’ financial problems, Moody’s suggested that the state could improve its bond rating with some kind of revenue increase that would bring stability and money to the cash-strapped state.