As the long-running state budget impasse continues in its eleventh month, activists with Fair Economy Illinois are set to unveil their "People and Planet First Budget" blueprint during a downtown Chicago protest Monday.
The group's plan calls for raising $23 billion annually in new state revenue by enacting a graduated income tax in Illinois, closing corporate tax loopholes and passing a LaSalle Street tax on financial transactions. Activists say the revenue could be invested in education, healthcare, infrastructure, human services, public pensions and green energy development.
Fair Economy Illinois members will hold a "Moral Mondays" action at Federal Plaza this afternoon to release their budget agenda.
"Corporation and the rich can easily afford to pay their fair share, and the investments we make in education and infrastructure will also pay off for them," Fair Economy Illinois leader Judy O'Connor said in a statement. "On the other hand, tens of thousands of Illinoisans are already suffering due to the cuts and unpaid state bills. We're being asked to sacrifice our health, well-being and independence so that corporations and the rich can keep their tax breaks."