CPEG’s Barclay to Illinois Pension Committee: Financial Transactions Tax a Real Solution

CPEG’s Dr. Bill Barclay testified recently before the Illinois Pension Conference Committee regarding the state’s underfunded pension plan. Dr. Barclay’s solution-focused testimony included a presentation on a Financial Transactions Tax, a Graduated Income Tax, and Closing State Tax Loopholes, all of which would provide revenue solutions to aid Illinois’ ailing pension plan without punishing the public employees who earned those benefits after years of service to the state.

Video of the testimony can be found here. Dr. Barclay’s presentation begins at the one hour 29 minute mark.

The accompanying powerpoint presentation can be downloaded here.

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