Is this one of those lines that can come back to haunt a candidate?
Last week, Republican Bruce Rauner and Gov. Pat Quinn both appeared at a forum in Chicago, although it wasn’t a debate in the sense they were both on the stage at the same time. During Rauner’s turn the discussion turned to taxes and his proposal to put a sales tax in place on some services that aren’t now taxed. Rauner also wants to roll back the income tax hike and freeze property taxes.
While addressing those tax issues, Rauner said, “We shouldn’t tax investment and income; we should tax consumption.”
That’s an interesting comment from someone who makes his money off of investments and who made $53 million in 2012. Taxing consumption is a sales tax, and that’s generally viewed as a regressive form of taxation. You pay the same rate whether you are rich or poor.
Of course, Quinn pounced when it was his turn saying a consumption tax hurts working people.
It just seems like Rauner’s line could end up as the centerpiece for another ad about how he’s an out-of-touch rich guy.