WEBVTT

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AGAINST.

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>> PARIS, THANK YOU.

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>> AND TO CAROL MARIN AND A

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CLOSER LOOK AT ONE GROUP'S IDEAS

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TO TAX ILLINOIS TROUBLED FISCAL

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STATE.

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CAROL?

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>> PHIL, THANK YOU.

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>> $8 BILLION IN NEW REVENUE

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THAT IS PART OF THE SOBERING AND

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VERY SERIOUS PRESCRIPTION FOR

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ILLINOIS' FISCAL TROUBLES.

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IT'S OUTLINED IN A REPORT BY

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SOME OF ILLINOIS' PREMIER

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BUSINESS LEADERS A GROUP KNOWN

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FOR FISCAL CONSERVATISM.

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WE WILL HEAR FROM LESLIE MUNGER.

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FIRST WITH THE DETAILS OF THE

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REPORT FROM THE CIVIC COMMITTEE

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OF THE COMMERCIAL CLUB OF

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CHICAGO WE ARE JOINED BY AMANDA

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VINICKY.

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AMANDA, A QUICK REMINDER WHAT IS

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THE CIVIC COMMITTEE AND THE

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THRUST OF THIS REPORT?

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>> THESE ARE PREMIER BUSINESS

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LEADERS, BIGWIG HONCHOS AND THE

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REPORT GOES BACK TO 2014.

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BACK THEN PAT QUINN WAS GOVERNOR

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AND ILLINOIS HAD A BUDGET AN

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INCOMPLETE ONE AND THE TAX RATE

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WAS HIGHER IN THIS CLIMATE THAT

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THE CIVIC COMMITTEE SAID IT

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SURVEYED MEMBERS AND FOUND THEY

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WERE CONCERNED ABOUT ILLINOIS'

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FISCAL FUTURE.

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BUSINESS LEADERS WORRIED ABOUT

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THE UNCERTAINTY THAT YEARS OF

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POOR PLANNING WERE MAKING

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ILLINOIS INHOSPITABLE.

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>> LITTLE COULD THEY HAVE KNOWN

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HOW UNCERTAIN THINGS WOULD GET.

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TWO-AND-A-HALF YEARS LATER

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WITHOUT A BUDGET IT'S THE

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ULTIMATE IN UNCERTAINTY.

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THAT IS THE BACKDROP FOR THIS

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REPORT.

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>> SO THE REPORT IS GETTING

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ATTENTION BECAUSE THESE BUSINESS

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LEADERS ARE NOT WHAT WE CALL THE

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POSTER BOYS AND POSTER GIRLS OF

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LIBERALISM OR GOVERNMENT

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SPENDING OR TAX INCREASES.

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SO IF ILLINOIS NEEDS TO RAISE AT

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LEAST $8 BILLION A YEAR IN

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REVENUE, WHERE IS IT COMING

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FROM?

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>> MOST OF THAT IS GOING TO BE

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IN TAX INCREASES.

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RIGHT NOW ILLINOIS' PERSONAL

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INCOME TAX IS 3.75% AND THE

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REPORT CALLS FOR BRINGING THE

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PERSONAL INCOME TAX RATE BACKUP

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TO 5%.

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THE BUSINESS LEADERS RECOMMEND

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RAISING THE CORPORATE RATE TO

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PLUS ADDING A SALES TAX TO

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SERVICES AND RETIREMENT TAX AND

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GETTING RID OF CREDITS AND THAT

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COULD BRING IN $9.7 BILLION.

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>> SO AT THE SAME TIME THESE

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EXECUTIVES ARE ARGUING THERE

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HAVE TO BE CUTS AND THEY ARE

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TALKING ABOUT $2 BILLION IN CUTS

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AND CONTRAST TO $8 BILLION IN

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TAX REVENUE WHERE IS ILLINOIS

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GOING TO SCALE DOWN?

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>> $2 BILLION AND THAT IS AT

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MOST FROM WRA THEY GATHER FROM

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TALKING TO BUDGET EXPERTS AND

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THEY HAVE SOME IDEAS THERE

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HOWEVER THAT COULD BE EASING UP

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ON GOVERNMENT PURCHASING RULES

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AND HAVING STATE EMPLOYEES PICK

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UP MORE OF A TAB FOR HEALTH

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INSURANCE AND RIDDING THE

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SUBSIDIES FOR EMPLOYERS

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HEALTHCARE, AND CUTS TO MEDICAID

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AND ALSO THIS REPORT TALKS ABOUT

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PENSIONS AND THOSE ARE MIRRORING

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THE RECOMMENDATIONS FOR WHAT

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GOVERNOR BRUCE RAUNER HAS BEEN

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CALLING FOR.

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BUT THIS IS A BIG BUT AND IN

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CONTRAST TO THE GOVERNOR'S

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BUDGET PROPOSAL, THE REPORT SAYS

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THAT ILLINOIS CANNOT BANK ON

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MANY OF THE SAVINGS PENSIONS

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RIGHT NOW.

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BECAUSE PENSIONS ARE SURELY

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GOING TO BE SUBJECT TO A

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LAWSUIT.

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>> AND CONSTITUTIONAL QUESTIONS

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HAVE LOOMED ON THOSE ALREADY.

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SO THE CIVIC COMMITTEE IN

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ADDITION TO ALL OF THIS, IS

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CALLING FOR THE STATE TO SPEND

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SOME MORE MONEY?

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>> RIGHT.

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IT'S MOSTLY AGAIN, THE REVENUE

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INCREASES AND THEY TALK ABOUT

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SCALING BACK AND THEN THEY WANT

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TO SPEND MORE AND SOME OF THOSE

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RECOMMENDATIONS INCLUDE ON THE

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REVENUE SIDE PART OF THAT WOULD

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BE TAKING A HIT.

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IT WOULD BE ADDING NEW TAX

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CREDITS AS THEY GET OF SOME AND

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THAT IS GIVING BIGGER TAX

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CREDITS TO LOW INCOME EARNERS

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AND TEACHERS WHO BUY SUPPLIES

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THEY WOULD GET A TAX CREDIT AND

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REDUCING THE FEE FOR LIMITED

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LIABILITY CORPORATIONS.

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AND LIKELY TO ADVANTAGE THE

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WEALTHY, ELIMINATING THE ESTATE

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TAX.

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THOSE, HOWEVER AMOUNT TO A SMALL

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CIVIC COMMITTEE SAYS THERE IS NO

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WAY ILLINOIS CAN REDUCE SPENDING

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ON EDUCATION.

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RATHER IT CALLS FOR PUMPING MORE

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MONEY INTO SCHOOLS.

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AND THE REPORT DOES NOT GET INTO

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THIS BUT IT SAYS THAT ILLINOIS

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IS GOING TO NEED TO PUT BIG

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MONEY INTO INFRASTRUCTURE

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REPAIRS.

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>> WHERE DOES THIS FIT IN WITH

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THE NEGOTIATIONS IN SPRINGFIELD?

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TIME IS RUNNING OUT.

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MAY 31 IS THE END OF THE

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LEGISLATIVE SESSION?

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SO?

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>> SO PROBABLY LATE FOR

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POLITICIANS TO COMMON TEMPLATE

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THIS --

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CONTEMPLATE THIS REPORT I WILL

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BE IN SPRINGFIELD TO REPORT ON

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THE LATEST BUT SOME DOES MATCH

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WHAT IS BEING TALKED ABOUT IN

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THE GRAND BARGAIN.

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THEY ARE FOCUSED ON CHANGING HOW

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THE STATE FUNDS SCHOOLS AND HOW

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IS UP FOR DISCUSSION.

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AND BOTH CONTEMPLATE THE PENSION

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CHANGES, PROCUREMENT RULES AND

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MAKING IT EASIER FOR

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MUNICIPALITIES TO CONSOLIDATE

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AND EXPAND THE SALES TAX ON

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SERVICES.

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THE GRAND BARGAIN EXPECTS TO

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RAISE REVENUE BUT ADDING SIX

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CASINOS AND LEGISLATORS ARE NOT

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CONTEMPLATING A RETIREMENT TAX.

05:17.266 --> 05:23.433 align:start position:10% line:74% size:47.5%
THE REPORT SAYS THE

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RECOMMENDATIONS ARE INTENDED TO

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MAKE ILLINOIS' TAX CLIMATE MORE

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ATTRACTIVE TO AVOID MAKING IT

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LESS ATTRACTIVE.

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THE RETIREMENT TAX FITS THAT

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MOLD BECAUSE ALL STATES TAX

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RETIREMENT INCOME AND GOVERNOR

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BRUCE RAUNER NIXED THAT IDEA.

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>> WHERE DOES THE REPORT FIT IN

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WITH THE GOVERNOR'S TURN AROUND

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AGENDA?

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>> AGAIN, YOU SEE A LOT OF THIS

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MIRRORING AND MATCHING WHAT THE

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GOVERNOR CALLED FOR WHEN IT

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COMES TO WORKERS COMPENSATION

05:48.500 --> 05:54.366 align:start position:10% line:74% size:32.5%
AND PENSIONS.

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GOVERNMENT CONSOLIDATION RED

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TAPE BUT RAUNER SAID HE WILL

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ONLY AGREE TO A TAX INCREASE IF

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ILLINOIS GETS STRUCTURAL REFORMS

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AND TERM LIMITS, THIS REPORT

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SEPARATES THEM.

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IT VERY CLEARLY SAYS A BUDGET IS

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THE PRIORITY AND A BUDGET WITH A

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WHOLE LOT $8 BILLION OF NEW

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REVENUE.

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>> AMANDA VINICKY THANK YOU.

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YOU CAN FIND A LINK TO THE CIVIC

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COMMITTEE'S REPORT ON OUR

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WEBSITE.

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>> REPRESENTATIVES OF THE CIVIC

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COMMITTEE AGREED TO JOIN US THIS

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EVENING BUT BACKED OUT WHEN WE

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TOLD THEM WE WOULD BE JOINED BY

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OUR NEXT GUEST THAT GUEST IS

06:25.900 --> 06:31.766 align:start position:10% line:74% size:62.5%
LESLIE MUNGER, ONE OF THE

06:29.066 --> 06:32.900 align:start position:10% line:74% size:67.5%
ILLINOIS' DEPUTY GOVERNORS.

06:31.433 --> 06:35.566 align:start position:10% line:74% size:20%
WELCOME.

06:31.766 --> 06:37.266 align:start position:10% line:74% size:67.5%
>> THANK YOU FOR HAVING ME.

06:32.900 --> 06:38.633 align:start position:10% line:74% size:60%
>> YOU'VE HEARD AMANDA'S

06:35.566 --> 06:41.666 align:start position:10% line:74% size:70%
RENDERING AND READ THE CIVIC

06:37.266 --> 06:43.733 align:start position:10% line:74% size:47.5%
COMMITTEE'S REPORT.

06:38.633 --> 06:45.033 align:start position:10% line:74% size:77.5%
THEY ARE SAYING BUDGET, BUDGET,

06:41.666 --> 06:46.000 align:start position:10% line:74% size:65%
BUDGET, TURN AROUND AGENDA

06:43.733 --> 06:47.833 align:start position:10% line:74% size:65%
CANNOT BE FIRST IN LINE OR

06:45.033 --> 06:48.566 align:start position:10% line:74% size:37.5%
SECOND IN LINE.

06:46.000 --> 06:50.666 align:start position:10% line:74% size:77.5%
THE BUDGET IS FIRST, SECOND AND

06:47.833 --> 06:52.266 align:start position:10% line:74% size:35%
THIRD IN LINE.

06:48.566 --> 06:53.666 align:start position:10% line:74% size:67.5%
IS IT TIME TO TAKE THE TURN

06:50.666 --> 06:55.200 align:start position:10% line:74% size:75%
AROUND AGENDA AND LEAVE IT FOR

06:52.266 --> 06:56.700 align:start position:10% line:74% size:30%
ANOTHER DAY?

06:53.666 --> 06:57.633 align:start position:10% line:74% size:77.5%
>> I THINK EVERYONE WOULD AGREE

06:55.200 --> 06:58.900 align:start position:10% line:74% size:77.5%
THAT WE NEED TO GET A BUDGET IN

06:56.700 --> 07:01.166 align:start position:10% line:74% size:25%
THE STATE.

06:57.633 --> 07:01.500 align:start position:10% line:74% size:72.5%
BUT I THINK IT'S IMPORTANT TO

06:58.900 --> 07:02.933 align:start position:10% line:74% size:77.5%
REMEMBER IT HAS TO BE THE RIGHT

07:01.166 --> 07:04.633 align:start position:10% line:74% size:17.5%
BUDGET.

07:01.500 --> 07:06.700 align:start position:10% line:74% size:77.5%
A BUDGET THAT IS BALANCED AND A

07:02.933 --> 07:08.800 align:start position:10% line:74% size:70%
BUDGET THAT WILL PUT US ON A

07:04.633 --> 07:11.233 align:start position:10% line:74% size:80%
TRACK FOR THE STATE FOR A STRONG

07:06.700 --> 07:14.900 align:start position:10% line:74% size:35%
FISCAL FUTURE.

07:08.800 --> 07:17.033 align:start position:10% line:74% size:72.5%
WE HAVE FOR MANY YEARS IN THE

07:11.233 --> 07:20.133 align:start position:10% line:74% size:67.5%
STATE OPTED FOR SHORT-TERM,

07:14.900 --> 07:22.333 align:start position:10% line:74% size:75%
REVENUE, TAX ONLY OPTIONS THAT

07:17.033 --> 07:24.633 align:start position:10% line:74% size:75%
IN A FEW YEARS LEAVE US WITH A

07:20.133 --> 07:28.433 align:start position:10% line:74% size:67.5%
LOWER TAX BASE, AND MAKE IT

07:22.333 --> 07:30.100 align:start position:10% line:74% size:72.5%
HARDER FOR US TO GENERATE THE

07:24.633 --> 07:30.400 align:start position:10% line:74% size:77.5%
REVENUES AND DO NOT ADDRESS THE

07:28.433 --> 07:32.700 align:start position:10% line:74% size:67.5%
DRIVERS FOR THE PROBLEMS WE

07:30.100 --> 07:34.600 align:start position:10% line:74% size:12.5%
HAVE.

07:30.400 --> 07:36.666 align:start position:10% line:74% size:72.5%
THE GOVERNOR HAS BEEN WORKING

07:32.700 --> 07:39.500 align:start position:10% line:74% size:80%
WITH MEMBERS OF THE SENATE AND A

07:34.600 --> 07:41.266 align:start position:10% line:74% size:80%
LOT OF THINGS IN THE REPORT THAT

07:36.666 --> 07:43.600 align:start position:10% line:74% size:70%
DO MIRROR AND I THINK THINGS

07:39.500 --> 07:44.833 align:start position:10% line:74% size:62.5%
LIKE WORKERS COMP AND THE

07:41.266 --> 07:46.533 align:start position:10% line:74% size:70%
CHANGES TO MAKE THE BUSINESS

07:43.600 --> 07:48.033 align:start position:10% line:74% size:62.5%
CLIMATE MORE COMPETITIVE.

07:44.833 --> 07:48.333 align:start position:10% line:74% size:75%
THERE ARE A LOT OF GOOD THINGS

07:46.533 --> 07:50.566 align:start position:10% line:74% size:72.5%
THAT THE GOVERNOR WOULD AGREE

07:48.033 --> 07:52.300 align:start position:10% line:74% size:12.5%
WITH.

07:48.333 --> 07:54.233 align:start position:10% line:74% size:62.5%
AND WE HAVE TO CHANGE THE

07:50.566 --> 07:56.666 align:start position:10% line:74% size:60%
DRIVERS OF THE SPENDING.

07:52.300 --> 07:58.966 align:start position:10% line:74% size:70%
AND HAVING $8 BILLION OF NEW

07:54.233 --> 07:59.366 align:start position:10% line:74% size:75%
TAXES ON ILLINOISANS WITH ONLY

07:56.666 --> 08:01.233 align:start position:10% line:74% size:55%
$2 BILLION OF SPENDING

07:58.966 --> 08:03.033 align:start position:10% line:74% size:27.5%
REDUCTIONS?

07:59.366 --> 08:03.333 align:start position:10% line:74% size:77.5%
IS NOT A WAY TO GO FORWARD THIS

08:01.233 --> 08:05.033 align:start position:10% line:74% size:75%
IS HOW WE HAVE GOTTEN INTO THE

08:03.033 --> 08:06.733 align:start position:10% line:74% size:12.5%
MESS.

08:03.333 --> 08:07.666 align:start position:10% line:74% size:75%
>> YOU KNOW THE MEMBERS OF THE

08:05.033 --> 08:09.033 align:start position:10% line:74% size:75%
CIVIC COMMITTEE THEY HAVE BEEN

08:06.733 --> 08:12.200 align:start position:10% line:74% size:77.5%
FUNDERS OF THE REPUBLICAN PARTY

08:07.666 --> 08:14.133 align:start position:10% line:74% size:60%
FOR DECADES IN ILLINOIS.

08:09.033 --> 08:17.633 align:start position:10% line:74% size:65%
THESE ARE SERIOUS FISCALLY

08:12.200 --> 08:19.800 align:start position:10% line:74% size:67.5%
CONSERVATIVE MEN AND WOMEN.

08:14.133 --> 08:21.233 align:start position:10% line:74% size:75%
SO WHEN THEY PROPOSE SOMETHING

08:17.633 --> 08:22.300 align:start position:10% line:74% size:70%
LIKE THIS IT IS WITH A SOBER

08:19.800 --> 08:23.500 align:start position:10% line:74% size:77.5%
EXAMINATION OF THE BOTTOM LINE,

08:21.233 --> 08:25.166 align:start position:10% line:74% size:40%
DON'T YOU THINK?

08:22.300 --> 08:26.866 align:start position:10% line:74% size:35%
>> I THINK SO.

08:23.500 --> 08:28.466 align:start position:10% line:74% size:65%
BUT ONE THING THEY DID NOT

08:25.166 --> 08:30.033 align:start position:10% line:74% size:72.5%
ADDRESS IN THIS REPORT IS THE

08:26.866 --> 08:32.600 align:start position:10% line:74% size:60%
ISSUE OF PROPERTY TAXES.

08:28.466 --> 08:34.333 align:start position:10% line:74% size:75%
AND THEY REFERENCED THEY THINK

08:30.033 --> 08:35.700 align:start position:10% line:74% size:72.5%
ILLINOIS IS AN OUTLIER ON THE

08:32.600 --> 08:36.466 align:start position:10% line:74% size:57.5%
LOW-END OF BEING TAXED.

08:34.333 --> 08:38.766 align:start position:10% line:74% size:62.5%
BUT THEY NEVER REFERENCED

08:35.700 --> 08:41.433 align:start position:10% line:74% size:37.5%
PROPERTY TAXES.

08:36.466 --> 08:43.300 align:start position:10% line:74% size:80%
WHEN YOU LOOK AT THE COMBINATION

08:38.766 --> 08:46.600 align:start position:10% line:74% size:77.5%
OF PROPERTY TAXES, INCOME TAXES

08:41.433 --> 08:48.233 align:start position:10% line:74% size:72.5%
WHICH ARE ADMITTEDLY A MODEST

08:43.300 --> 08:52.233 align:start position:10% line:74% size:67.5%
LEVEL IN THE STATE WITH THE

08:46.600 --> 08:54.666 align:start position:10% line:74% size:80%
ROLLBACK, SALES TAXES WHICH ARE,

08:48.233 --> 08:56.233 align:start position:10% line:74% size:80%
I THINK THE FIFTH TO 8TH HIGHEST

08:52.233 --> 08:57.200 align:start position:10% line:74% size:80%
DEPENDING WHERE YOU LOOK, AND WE

08:54.666 --> 09:00.066 align:start position:10% line:74% size:77.5%
HAVE THE HIGHEST PROPERTY TAXES

08:56.233 --> 09:02.500 align:start position:10% line:74% size:37.5%
IN THE COUNTRY.

08:57.200 --> 09:04.500 align:start position:10% line:74% size:57.5%
WHEN YOU AGRIGATE THOSE

09:00.066 --> 09:06.366 align:start position:10% line:74% size:67.5%
ILLINOISANS ARE BETWEEN THE

09:02.500 --> 09:06.700 align:start position:10% line:74% size:65%
5-9TH HIGHEST TAXED IN THE

09:04.500 --> 09:08.800 align:start position:10% line:74% size:62.5%
COUNTRY WHY WE ARE LOSING

09:06.366 --> 09:10.866 align:start position:10% line:74% size:17.5%
PEOPLE.

09:06.700 --> 09:12.000 align:start position:10% line:74% size:75%
IF WE WERE THE LOWEST TAXED WE

09:08.800 --> 09:13.133 align:start position:10% line:74% size:67.5%
WOULD HAVE PEOPLE MOVING IN

09:10.866 --> 09:15.100 align:start position:10% line:74% size:37.5%
INSTEAD OF OUT.

09:12.000 --> 09:18.000 align:start position:10% line:74% size:75%
>> PROPERTY TAXES HAVE NOTHING

09:13.133 --> 09:18.366 align:start position:10% line:74% size:70%
TO DO WITH THE STATE BUDGET.

09:15.100 --> 09:20.166 align:start position:10% line:74% size:65%
PROPERTY TAXES FUND SCHOOL

09:18.000 --> 09:22.200 align:start position:10% line:74% size:25%
DISTRICTS.

09:18.366 --> 09:25.633 align:start position:10% line:74% size:80%
PROPERTY TAXES DON'T PAY ALL THE

09:20.166 --> 09:28.633 align:start position:10% line:74% size:77.5%
UNPAID BILLS YOU HAD TO GRAPPLE

09:22.200 --> 09:29.633 align:start position:10% line:74% size:65%
WITH AS STATE COMPTROLLER.

09:25.633 --> 09:32.000 align:start position:10% line:74% size:80%
SO IF PROPERTY TAXES ARE FROZEN,

09:28.633 --> 09:33.600 align:start position:10% line:74% size:77.5%
AND SCHOOL DISTRICTS CANNOT GET

09:29.633 --> 09:35.433 align:start position:10% line:74% size:67.5%
THE MONEY THEY NEED AND HAS

09:32.000 --> 09:36.766 align:start position:10% line:74% size:72.5%
NOTHING TO DO WITH OUR UNPAID

09:33.600 --> 09:37.800 align:start position:10% line:74% size:62.5%
BILLS WHY WOULD THE CIVIC

09:35.433 --> 09:41.033 align:start position:10% line:74% size:60%
COMMITTEE REFERENCE THEM

09:36.766 --> 09:41.400 align:start position:10% line:74% size:32.5%
SPECIFICALLY?

09:37.800 --> 09:42.833 align:start position:10% line:74% size:62.5%
>> WELL, BECAUSE IT'S ONE

09:41.033 --> 09:44.466 align:start position:10% line:74% size:22.5%
TAXPAYER.

09:41.400 --> 09:47.033 align:start position:10% line:74% size:75%
THE PROPERTY TAXES COME OUT OF

09:42.833 --> 09:48.100 align:start position:10% line:74% size:57.5%
ONE SIDE OF THE POCKET.

09:44.466 --> 09:49.733 align:start position:10% line:74% size:75%
AND THE ILLINOIS INCOME TAX IS

09:47.033 --> 09:50.900 align:start position:10% line:74% size:72.5%
ANOTHER ON THE OTHER SIDE AND

09:48.100 --> 09:52.600 align:start position:10% line:74% size:70%
WHEN YOU TAX PEOPLE TOO MUCH

09:49.733 --> 09:54.200 align:start position:10% line:74% size:45%
THEY HAVE OPTIONS.

09:50.900 --> 09:55.500 align:start position:10% line:74% size:57.5%
THEY MOVE OUT OF STATE.

09:52.600 --> 09:56.733 align:start position:10% line:74% size:80%
SO DO BUSINESSES AND THAT IS WHY

09:54.200 --> 09:57.500 align:start position:10% line:74% size:67.5%
WE HAVE SEEN BUSINESSES AND

09:55.500 --> 09:59.733 align:start position:10% line:74% size:70%
PEOPLE LEAVING THE STATE ALL

09:56.733 --> 10:02.866 align:start position:10% line:74% size:37.5%
OVER THE PLACE.

09:57.500 --> 10:04.233 align:start position:10% line:74% size:77.5%
AND ACTUALLY THE PROPERTY TAXES

09:59.733 --> 10:05.733 align:start position:10% line:74% size:75%
ARE HIGH BECAUSE IT PICKS UP A

10:02.866 --> 10:07.966 align:start position:10% line:74% size:62.5%
PREDOMINANCE OF EDUCATION

10:04.233 --> 10:09.666 align:start position:10% line:74% size:75%
EXPENSES THAT THE STATE CANNOT

10:05.733 --> 10:11.466 align:start position:10% line:74% size:75%
FUND BECAUSE THE DRIVER OF OUR

10:07.966 --> 10:13.200 align:start position:10% line:74% size:75%
EXPENSE PROBLEMS ARE FINANCIAL

10:09.666 --> 10:14.400 align:start position:10% line:74% size:72.5%
PROBLEMS IN THE STATE ARE THE

10:11.466 --> 10:15.433 align:start position:10% line:74% size:62.5%
EVER GROWING COSTS OF OUR

10:13.200 --> 10:17.133 align:start position:10% line:74% size:80%
PENSIONS WHICH IS SOMETHING THAT

10:14.400 --> 10:19.766 align:start position:10% line:74% size:45%
ARE NOT ADDRESSED.

10:15.433 --> 10:22.033 align:start position:10% line:74% size:77.5%
>> AND THE CIVIC COMMITTEE DOES

10:17.133 --> 10:22.366 align:start position:10% line:74% size:70%
ADDRESS THEM IN THE SENSE IT

10:19.766 --> 10:24.800 align:start position:10% line:74% size:75%
RAISES THE SAME CONSTITUTIONAL

10:22.033 --> 10:26.000 align:start position:10% line:74% size:17.5%
ISSUES.

10:22.366 --> 10:28.433 align:start position:10% line:74% size:70%
BUT THESE ARE PEOPLE, I KEEP

10:24.800 --> 10:32.966 align:start position:10% line:74% size:67.5%
GOING BACK TO WHO THE CIVIC

10:26.000 --> 10:34.900 align:start position:10% line:74% size:32.5%
COMMITTEE IS.

10:28.433 --> 10:36.333 align:start position:10% line:74% size:72.5%
THESE ARE EVERY DUNN AND BRAD

10:32.966 --> 10:38.266 align:start position:10% line:74% size:70%
STREET COMPANY THAT WE COULD

10:34.900 --> 10:40.300 align:start position:10% line:74% size:65%
NAME AND THEY WANT TO SAVE

10:36.333 --> 10:40.666 align:start position:10% line:74% size:72.5%
ILLINOIS AND THEY HATE TAXES.

10:38.266 --> 10:43.433 align:start position:10% line:74% size:75%
AND THEY DON'T LIKE GOVERNMENT

10:40.300 --> 10:45.566 align:start position:10% line:74% size:22.5%
SPENDING.

10:40.666 --> 10:47.866 align:start position:10% line:74% size:80%
AND YET, THEY SEEM TO THINK THAT

10:43.433 --> 10:49.533 align:start position:10% line:74% size:75%
ONLY SOMETHING THIS RADICAL IS

10:45.566 --> 10:51.066 align:start position:10% line:74% size:67.5%
GOING TO STOP OUR BLEEDING.

10:47.866 --> 10:53.866 align:start position:10% line:74% size:37.5%
ARE THEY WRONG?

10:49.533 --> 10:55.133 align:start position:10% line:74% size:80%
>> WELL, I DON'T THINK THEY HAVE

10:51.066 --> 10:55.433 align:start position:10% line:74% size:77.5%
THOUGHT ABOUT THE IMPACT ON THE

10:53.866 --> 10:57.366 align:start position:10% line:74% size:65%
INDIVIDUAL TAXPAYER IN THE

10:55.133 --> 10:59.033 align:start position:10% line:74% size:15%
STATE.

10:55.433 --> 11:00.266 align:start position:10% line:74% size:70%
BECAUSE WHEN YOU LOOK AT THE

10:57.366 --> 11:01.266 align:start position:10% line:74% size:57.5%
TOTAL TAX BURDEN WE ARE

10:59.033 --> 11:03.533 align:start position:10% line:74% size:75%
EXTRAORDINARILY HIGH AND WE'VE

11:00.266 --> 11:06.833 align:start position:10% line:74% size:45%
SEEN WHAT HAPPENS.

11:01.266 --> 11:10.933 align:start position:10% line:74% size:72.5%
WE HAVE RAISED TAXES AND TOOK

11:03.533 --> 11:12.733 align:start position:10% line:74% size:65%
THE RATE UP TO 5% IN 2011.

11:06.833 --> 11:15.233 align:start position:10% line:74% size:80%
IT BROUGHT IN $7 BILLION A YEAR,

11:10.933 --> 11:17.300 align:start position:10% line:74% size:52.5%
$32 BILLION IN TOTAL.

11:12.733 --> 11:20.033 align:start position:10% line:74% size:57.5%
WHERE DID THE MONEY GO?

11:15.233 --> 11:21.100 align:start position:10% line:74% size:72.5%
IT DID NOT GO TO PAY DOWN OUR

11:17.300 --> 11:22.700 align:start position:10% line:74% size:77.5%
DEBT OR BILL BACKLOG IT WENT TO

11:20.033 --> 11:24.433 align:start position:10% line:74% size:35%
FUND PENSIONS.

11:21.100 --> 11:27.500 align:start position:10% line:74% size:67.5%
THE COST OF PENSIONS IN THE

11:22.700 --> 11:29.700 align:start position:10% line:74% size:80%
STATE OF ILLINOIS HAVE GONE FROM

11:24.433 --> 11:31.700 align:start position:10% line:74% size:80%
3% OF GENERAL REVENUE IN 2000 TO

11:27.500 --> 11:32.800 align:start position:10% line:74% size:80%
25% OF OUR EXPENSE AND IT'S ON A

11:29.700 --> 11:34.433 align:start position:10% line:74% size:75%
PATH TO GET TO 28% IN A COUPLE

11:31.700 --> 11:35.666 align:start position:10% line:74% size:22.5%
OF YEARS.

11:32.800 --> 11:39.000 align:start position:10% line:74% size:62.5%
>> WHAT IS GOVERNOR BRUCE

11:34.433 --> 11:41.800 align:start position:10% line:74% size:65%
RAUNER'S SOLUTION TO THAT?

11:35.666 --> 11:43.433 align:start position:10% line:74% size:77.5%
>> THE GOVERNOR HAS TALKED VERY

11:39.000 --> 11:44.600 align:start position:10% line:74% size:77.5%
CONSISTENTLY ABOUT THE NEED FOR

11:41.800 --> 11:46.533 align:start position:10% line:74% size:55%
A MULTIPRONG APPROACH.

11:43.433 --> 11:47.966 align:start position:10% line:74% size:75%
LOOKING AT CONSTITUTIONAL WAYS

11:44.600 --> 11:48.966 align:start position:10% line:74% size:72.5%
TO REFORM PENSIONS ONE OF THE

11:46.533 --> 11:51.000 align:start position:10% line:74% size:70%
TOPICS INCLUDED IN THE CIVIC

11:47.966 --> 11:51.266 align:start position:10% line:74% size:42.5%
COMMITTEE REPORT.

11:48.966 --> 11:53.033 align:start position:10% line:74% size:75%
BUT THE ECONOMIC GROWTH IS THE

11:51.000 --> 11:54.033 align:start position:10% line:74% size:10%
KEY.

11:51.266 --> 11:57.066 align:start position:10% line:74% size:75%
BECAUSE TAXES ALONE CANNOT GET

11:53.033 --> 11:59.433 align:start position:10% line:74% size:50%
US OUT OF THIS MESS.

11:54.033 --> 12:02.133 align:start position:10% line:74% size:67.5%
I WILL TELL YOU THAT OF THE

11:57.066 --> 12:05.866 align:start position:10% line:74% size:77.5%
STATE'S CURRENT GENERAL REVENUE

11:59.433 --> 12:07.466 align:start position:10% line:74% size:80%
PRETTY FLAT FOR THE PAST SEVERAL

12:02.133 --> 12:09.933 align:start position:10% line:74% size:75%
YEARS $31 BILLION, 75% OF THAT

12:05.866 --> 12:12.533 align:start position:10% line:74% size:72.5%
IS IN SPENDING THAT IS LOCKED

12:07.466 --> 12:13.466 align:start position:10% line:74% size:65%
INTO LAW TO FUND PENSIONS,

12:09.933 --> 12:15.266 align:start position:10% line:74% size:77.5%
MEDICAID, INTEREST ON THE DEBT,

12:12.533 --> 12:16.466 align:start position:10% line:74% size:65%
EMPLOYEE GROUP HEALTHCARE.

12:13.466 --> 12:18.566 align:start position:10% line:74% size:52.5%
THIS IS SOMETHING THE

12:15.266 --> 12:20.200 align:start position:10% line:74% size:65%
LEGISLATURE CAN ADDRESS BY

12:16.466 --> 12:21.700 align:start position:10% line:74% size:80%
LOOKING AT THE LAWS AND CHANGING

12:18.566 --> 12:22.633 align:start position:10% line:74% size:60%
WHAT THEY HAVE PROTECTED

12:20.200 --> 12:24.500 align:start position:10% line:74% size:70%
LEGISLATIVELY TO HELP REDUCE

12:21.700 --> 12:26.866 align:start position:10% line:74% size:30%
COSTS THERE.

12:22.633 --> 12:28.666 align:start position:10% line:74% size:80%
THAT WOULD FREE UP FUNDING TO GO

12:24.500 --> 12:29.033 align:start position:10% line:74% size:60%
TO FUND EDUCATION, HUMAN

12:26.866 --> 12:30.500 align:start position:10% line:74% size:65%
SERVICES, PUBLIC SAFETY ET

12:28.666 --> 12:32.166 align:start position:10% line:74% size:17.5%
CETERA.

12:29.033 --> 12:34.600 align:start position:10% line:74% size:70%
>> BUT AS THE GOVERNOR TALKS

12:30.500 --> 12:37.100 align:start position:10% line:74% size:70%
ABOUT IMPROVING THE BUSINESS

12:32.166 --> 12:38.900 align:start position:10% line:74% size:72.5%
CLIMATE WITH WORKERS COMP AND

12:34.600 --> 12:41.300 align:start position:10% line:74% size:65%
TERM LIMITS HE THINKS WILL

12:37.100 --> 12:41.633 align:start position:10% line:74% size:75%
STIMULATE THINGS THOSE ARE NOT

12:38.900 --> 12:43.500 align:start position:10% line:74% size:67.5%
IMMEDIATE REVENUE PRODUCING

12:41.300 --> 12:45.766 align:start position:10% line:74% size:20%
MOMENTS.

12:41.633 --> 12:48.300 align:start position:10% line:74% size:77.5%
AND WHAT THE CIVIC COMMITTEE AT

12:43.500 --> 12:52.100 align:start position:10% line:74% size:67.5%
LEAST FROM MY READING OF IT

12:45.766 --> 12:54.866 align:start position:10% line:74% size:75%
SEEMS SO SAY THERE NEEDS TO BE

12:48.300 --> 12:57.366 align:start position:10% line:74% size:67.5%
INDUSTRIAGE IN THE STATE --

12:52.100 --> 12:59.100 align:start position:10% line:74% size:72.5%
TRIAGE, REVENUE TRIAGE AND IT

12:54.866 --> 13:00.833 align:start position:10% line:74% size:50%
NEEDS TO HAPPEN NOW.

12:57.366 --> 13:02.266 align:start position:10% line:74% size:80%
THE LEGISLATURE AND THE GOVERNOR

12:59.100 --> 13:02.566 align:start position:10% line:74% size:70%
EVERYONE CARRIES THE BURDEN.

13:00.833 --> 13:04.700 align:start position:10% line:74% size:67.5%
>> WE NEED REVENUE INTO THE

13:02.266 --> 13:06.400 align:start position:10% line:74% size:15%
STATE.

13:02.566 --> 13:08.166 align:start position:10% line:74% size:70%
BUT YOU CAN GET REVENUE FROM

13:04.700 --> 13:10.266 align:start position:10% line:74% size:80%
TAXING AND THEIR REPORT PRODUCES

13:06.400 --> 13:11.566 align:start position:10% line:74% size:65%
IT ALL FROM TAX INCREASES.

13:08.166 --> 13:12.300 align:start position:10% line:74% size:60%
OR YOU CAN GET IT FROM A

13:10.266 --> 13:14.733 align:start position:10% line:74% size:67.5%
COMBINATION OF TAXING AND A

13:11.566 --> 13:18.300 align:start position:10% line:74% size:40%
GROWING ECONOMY.

13:12.300 --> 13:19.933 align:start position:10% line:74% size:72.5%
I VISITED A COMPANY JUST LAST

13:14.733 --> 13:21.433 align:start position:10% line:74% size:60%
FRIDAY WHO IS LOOKING AT

13:18.300 --> 13:22.833 align:start position:10% line:74% size:62.5%
EXPANDING THEY ARE A $100

13:19.933 --> 13:24.400 align:start position:10% line:74% size:72.5%
MILLION COMPANY AND THEY HAVE

13:21.433 --> 13:25.966 align:start position:10% line:74% size:77.5%
OPTIONS IN ILLINOIS AND INDIANA

13:22.833 --> 13:27.733 align:start position:10% line:74% size:72.5%
AND THEY ARE NOT FAR FROM THE

13:24.400 --> 13:30.166 align:start position:10% line:74% size:67.5%
INDIANA BORDER AND THE COST

13:25.966 --> 13:31.700 align:start position:10% line:74% size:77.5%
DIFFERENCE TO THEM FOR PROPERTY

13:27.733 --> 13:33.333 align:start position:10% line:74% size:60%
TAXES AND WORKER COMP IS

13:30.166 --> 13:34.666 align:start position:10% line:74% size:72.5%
$600,000 TO STAY IN ILLINOIS.

13:31.700 --> 13:37.066 align:start position:10% line:74% size:32.5%
THAT IS HUGE.

13:33.333 --> 13:40.433 align:start position:10% line:74% size:62.5%
SO WHY IS THAT IMPORTANT?

13:34.666 --> 13:42.366 align:start position:10% line:74% size:77.5%
BECAUSE WE NEED TO MAINTAIN OUR

13:37.066 --> 13:44.666 align:start position:10% line:74% size:75%
TAX BASE AND NOT SHRINK IT AND

13:40.433 --> 13:46.566 align:start position:10% line:74% size:70%
WE WILL SHRINK OUR TAX BASE.

13:42.366 --> 13:47.966 align:start position:10% line:74% size:80%
>> AND THE PEOPLE WHO MAKEUP THE

13:44.666 --> 13:49.066 align:start position:10% line:74% size:77.5%
CIVIC COMMITTEE ARE PEOPLE WITH

13:46.566 --> 13:52.033 align:start position:10% line:74% size:67.5%
ENORMOUS BUSINESSES WHO ARE

13:47.966 --> 13:55.666 align:start position:10% line:74% size:50%
STAYING IN ILLINOIS.

13:49.066 --> 13:56.800 align:start position:10% line:74% size:57.5%
THEY ARE NOT MOVING THE

13:52.033 --> 13:58.733 align:start position:10% line:74% size:67.5%
MERCANTILE EXCHANGE AND NOT

13:55.666 --> 14:00.133 align:start position:10% line:74% size:47.5%
MOVING MAJOR BANKS.

13:56.800 --> 14:01.900 align:start position:10% line:74% size:70%
THEY ARE HERE AND THEY ARGUE

13:58.733 --> 14:03.900 align:start position:10% line:74% size:72.5%
THERE ARE OFFSETS IN ILLINOIS

14:00.133 --> 14:04.500 align:start position:10% line:74% size:70%
THAT YOU ARE NOT GOING TO BE

14:01.900 --> 14:07.433 align:start position:10% line:74% size:65%
ABLE TO GET IF YOU MOVE TO

14:03.900 --> 14:09.600 align:start position:10% line:74% size:35%
ANOTHER STATE.

14:04.500 --> 14:09.933 align:start position:10% line:74% size:75%
RIGHT NOW, DO YOU THINK WE ARE

14:07.433 --> 14:10.800 align:start position:10% line:74% size:72.5%
GOING TO HAVE A BUDGET BY MAY

14:09.600 --> 14:12.466 align:start position:10% line:74% size:7.5%
31?

14:09.933 --> 14:14.166 align:start position:10% line:74% size:32.5%
>> I HOPE SO.

14:10.800 --> 14:16.133 align:start position:10% line:74% size:42.5%
WE NEED A BUDGET.

14:12.466 --> 14:16.500 align:start position:10% line:74% size:80%
IT'S THE MOST IMPORTANT THING WE

14:14.166 --> 14:18.033 align:start position:10% line:74% size:55%
CAN DO BECAUSE WE NEED

14:16.133 --> 14:20.200 align:start position:10% line:74% size:25%
CERTAINTY.

14:16.500 --> 14:22.833 align:start position:10% line:74% size:80%
WE NEED TO LET OUR ORGANIZATIONS

14:18.033 --> 14:24.233 align:start position:10% line:74% size:72.5%
AROUND THE STATE THAT RELY ON

14:20.200 --> 14:26.133 align:start position:10% line:74% size:80%
FUNDING HUMAN SERVICES, SCHOOLS,

14:22.833 --> 14:28.366 align:start position:10% line:74% size:75%
HIGHER EDUCATION ET CETERA AND

14:24.233 --> 14:28.700 align:start position:10% line:74% size:77.5%
NEED TO LET OUR BUSINESSES KNOW

14:26.133 --> 14:30.633 align:start position:10% line:74% size:67.5%
WHAT TAX STRUCTURE THEY CAN

14:28.366 --> 14:31.666 align:start position:10% line:74% size:17.5%
EXPECT.

14:28.700 --> 14:33.166 align:start position:10% line:74% size:70%
BUT BANKS CANNOT PICK UP AND

14:30.633 --> 14:35.166 align:start position:10% line:74% size:30%
MOVE EASILY.

14:31.666 --> 14:36.466 align:start position:10% line:74% size:57.5%
BUT THE BUSINESSES CAN.

14:33.166 --> 14:38.400 align:start position:10% line:74% size:50%
SMALL BUSINESSES ARE

14:35.166 --> 14:40.366 align:start position:10% line:74% size:70%
MANUFACTURERS AND THEY HAVE.

14:36.466 --> 14:42.733 align:start position:10% line:74% size:77.5%
AND THERE ARE EMPTY STOREFRONTS

14:38.400 --> 14:43.866 align:start position:10% line:74% size:60%
ALL OVER COMMUNITIES ALL

14:40.366 --> 14:45.266 align:start position:10% line:74% size:80%
SURROUNDING THE PERIMETER OF THE

14:42.733 --> 14:46.833 align:start position:10% line:74% size:75%
STATE BECAUSE THEY HAVE CHOSEN

14:43.866 --> 14:50.600 align:start position:10% line:74% size:52.5%
TO MOVE OUT OF STATE.

14:45.266 --> 14:52.066 align:start position:10% line:74% size:70%
SO WE CAN CONTINUE DOWN THIS

14:46.833 --> 14:55.400 align:start position:10% line:74% size:72.5%
PATH OF SOLVING THIS ONLY VIA

14:50.600 --> 14:55.766 align:start position:10% line:74% size:60%
TAXING OUR BUSINESSES --

14:52.066 --> 14:57.866 align:start position:10% line:74% size:57.5%
>> BUT IF WE DON'T FUND

14:55.400 --> 14:59.300 align:start position:10% line:74% size:25%
EDUCATION.

14:55.766 --> 15:00.433 align:start position:10% line:74% size:70%
IF WE DON'T HAVE HAVE HIGHER

14:57.866 --> 15:03.066 align:start position:10% line:74% size:57.5%
EDUCATION SUPPORTED AND

14:59.300 --> 15:05.233 align:start position:10% line:74% size:80%
SECONDARY AND PRIMARY SUPPORT IN

15:00.433 --> 15:07.233 align:start position:10% line:74% size:75%
THIS REPORT, SUGGESTS SPENDING

15:03.066 --> 15:09.700 align:start position:10% line:74% size:72.5%
MORE ON PRIMARY EDUCATION, WE

15:05.233 --> 15:12.133 align:start position:10% line:74% size:80%
DON'T HAVE THE ATTRACTIVENESS IN

15:07.233 --> 15:13.333 align:start position:10% line:74% size:77.5%
THE STATE TO KEEP PEOPLE IN IT.

15:09.700 --> 15:15.266 align:start position:10% line:74% size:75%
IS THE GOVERNOR WILLING TO LET

15:12.133 --> 15:17.133 align:start position:10% line:74% size:70%
CHICAGO PUBLIC SCHOOLS CLOSE

15:13.333 --> 15:18.700 align:start position:10% line:74% size:75%
EARLY AT THE END OF THIS YEAR?

15:15.266 --> 15:20.233 align:start position:10% line:74% size:75%
>> SO THE GOVERNOR HAS MADE IT

15:17.133 --> 15:21.366 align:start position:10% line:74% size:62.5%
CLEAR THAT EDUCATION FUND

15:18.700 --> 15:22.000 align:start position:10% line:74% size:77.5%
SOMETHING ONE OF HIS PRIORITIES

15:20.233 --> 15:23.933 align:start position:10% line:74% size:77.5%
AND HIGHER EDUCATION IS A PIECE

15:21.366 --> 15:26.166 align:start position:10% line:74% size:20%
OF THAT.

15:22.000 --> 15:27.600 align:start position:10% line:74% size:72.5%
BECAUSE WE NEED TO BE ABLE TO

15:23.933 --> 15:29.400 align:start position:10% line:74% size:80%
MOVE OUR YOUTH INTO HIGHER ED IN

15:26.166 --> 15:30.033 align:start position:10% line:74% size:35%
OUR OWN STATE.

15:27.600 --> 15:31.700 align:start position:10% line:74% size:80%
SO WE CAN KEEP THEM IN THE STATE

15:29.400 --> 15:33.966 align:start position:10% line:74% size:30%
OF ILLINOIS.

15:30.033 --> 15:34.800 align:start position:10% line:74% size:62.5%
AGAIN, THE DRIVERS OF OUR

15:31.700 --> 15:36.566 align:start position:10% line:74% size:75%
PROBLEMS ARE NOT THAT WE DON'T

15:33.966 --> 15:38.900 align:start position:10% line:74% size:27.5%
TAX ENOUGH.

15:34.800 --> 15:41.000 align:start position:10% line:74% size:80%
IT IS THAT WE HAVE SPENDING THAT

15:36.566 --> 15:43.333 align:start position:10% line:74% size:77.5%
OUT OF CONTROL AND IF WE DO NOT

15:38.900 --> 15:44.633 align:start position:10% line:74% size:72.5%
TACKLE PENSION REFORM AND THE

15:41.000 --> 15:46.566 align:start position:10% line:74% size:75%
DRIVERS, PENSIONS HAVE GONE UP

15:43.333 --> 15:48.733 align:start position:10% line:74% size:45%
THEY HAVE DOUBLED.

15:44.633 --> 15:51.933 align:start position:10% line:74% size:80%
>> BUT YOU HAVE A CONSTITUTIONAL

15:46.566 --> 15:54.400 align:start position:10% line:74% size:70%
PROBLEM ON PENSIONS YOU KNOW

15:48.733 --> 15:56.233 align:start position:10% line:74% size:77.5%
THIS IS COMPTROLLER ALL RED INK

15:51.933 --> 15:58.833 align:start position:10% line:74% size:52.5%
ON THE LEDGER SHEETS.

15:54.400 --> 16:00.333 align:start position:10% line:74% size:77.5%
>> SO I GUESS THE MAIN QUESTION

15:56.233 --> 16:01.966 align:start position:10% line:74% size:75%
IS ARE WE GOING TO CONTINUE TO

15:58.833 --> 16:03.466 align:start position:10% line:74% size:72.5%
RAISE TAXES ON THE BUSINESSES

16:00.333 --> 16:06.866 align:start position:10% line:74% size:62.5%
AND PEOPLE TO FUND PUBLIC

16:01.966 --> 16:09.066 align:start position:10% line:74% size:75%
EMPLOYEE PENSIONS THAT THE ARE

16:03.466 --> 16:10.433 align:start position:10% line:74% size:80%
OUT OF CONTROL AND TAKING UP 25,

16:06.866 --> 16:12.633 align:start position:10% line:74% size:65%
ON THEIR WAY TO 28% OF OUR

16:09.066 --> 16:14.400 align:start position:10% line:74% size:40%
STATE'S REVENUE?

16:10.433 --> 16:14.933 align:start position:10% line:74% size:77.5%
OR ARE WE GOING TO REFORM THEM.

16:12.633 --> 16:16.900 align:start position:10% line:74% size:72.5%
>> CAN YOU REFORM THEM IN TWO

16:14.400 --> 16:18.666 align:start position:10% line:74% size:15%
WEEKS?

16:14.933 --> 16:20.600 align:start position:10% line:74% size:75%
>> WELL, THEY CAN PUT IN PLACE

16:16.900 --> 16:21.833 align:start position:10% line:74% size:70%
PLANS AND THEN I BELIEVE THE

16:18.666 --> 16:23.700 align:start position:10% line:74% size:77.5%
GOVERNOR HAS SAID THAT A BUDGET

16:20.600 --> 16:25.500 align:start position:10% line:74% size:72.5%
WITH SOME OF THE REFORMS THAT

16:21.833 --> 16:26.400 align:start position:10% line:74% size:80%
WILL HELP US GET ON A GOOD TRACK

16:23.700 --> 16:28.200 align:start position:10% line:74% size:75%
FOR BUSINESSES IN THE STATE HE

16:25.500 --> 16:29.233 align:start position:10% line:74% size:27.5%
WOULD SIGN.

16:26.400 --> 16:31.066 align:start position:10% line:74% size:62.5%
>> IS HE MEETING WITH THE

16:28.200 --> 16:32.800 align:start position:10% line:74% size:60%
LEGISLATIVE LEADERS NOW?

16:29.233 --> 16:33.233 align:start position:10% line:74% size:75%
>> I BELIEVE THAT WHY I'M HERE

16:31.066 --> 16:34.600 align:start position:10% line:74% size:57.5%
BECAUSE HE HAS NOT LEFT

16:32.800 --> 16:35.666 align:start position:10% line:74% size:30%
SPRINGFIELD.