Opponents have expanded issues to include abortion and graduated-rate income tax.
Republican state Rep. Tom Demmer, shown on left on Oct. 6, 2022, is challenging incumbent Democratic Illinois Treasurer Michael Frerichs, shown on right on Oct. 13, 2022.
The comment was seized upon by Republicans, even as Frerichs went on to repeatedly insist he opposed any state tax on retirement income.that reads “Do you agree that we should protect, NOT tax, Illinois citizens’ retirement? Let Tom know you stand with him!”“I do not support and will not support the retirement tax,” Frerichs said. “My opponent knows this. He continues to repeat this lie, and I think it’s because he is scared to talk about his extreme positions.
“The treasurer’s office is one where I see a real opportunity for somebody to speak up more about the condition of Illinois finances, about how tax-and-spend policies affect Illinois families,” he said. Demmer accused Frerichs of “trying to get attention by talking about abortion instead of the important fiscal issues facing Illinoisians to deflect from his dismal record of increasing taxes and spending.”“He continues to prove he is not the fiscal watchdog the people of Illinois need,” Demmer said.
“You could take some of the incompatible duties and give them to the attorney general or the auditor general, or the secretary of state or to the governor’s office and then still find some economies of scale, still have a reduction in duplicate services and save the taxpayers money,” he said. Demmer questioned that rosy picture of the college savings program, noting that his 5-year old daughter’s Bright Start account had seen “double-digit losses” along with the rest of the stock market.
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