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Public Sector Unions Win Again – Illinois Braces for Another Tax ... Increase
by MIKE SHEDLOCK on OCTOBER 24,
2013 · Unionwatch.org
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http://unionwatch.org/public-sector-unions-win-again-illinois-braces-for-another-tax-increase/
Illinois “Progressives” (a
single word to describe “economically illiterate public union sympathizers”)
want to pick your pocket once again. The Progressives want to hike the Illinois
2015 top tax rate from 3.75% to a whopping 9%.
Moreover the income tax rate will go up on a sliding scale
for everyone making over $18,000.
Promises, Promises
Recall that On the campaign trail
in 2010, Gov. Pat Quinn told voters he’d veto
any income tax hike that would raise Illinois’ rate over 4 percent.
That was one of the quickest disclosed tax lies in history.
Here are a few snips from my January 13, 2011 post Business Owners Blast IL Tax Hikes;Quinn’s
Blatant Lies;Neighboring States Gleeful, Mayor Daley Whines;Escape to Wisconsin; Arrogance,Greed,Corruption
Tax insanity in Illinois
is now official. Governor Pat Quinn signed off on a 67% hike in personal income
taxes and a 46% hike in corporate taxes the moment the bill hit his desk.
The personal income tax rate immediately rises to 5 percent,
up from 3 percent. The corporate income tax rate rises immediately to 7
percent, up from 4.8 percent. The Chicago
Tribune reports Quinn, House Speaker Michael Madigan and Senate President John Cullerton — all Chicago
Democrats — muscled the tax hike through in the
eleventh hour of the lame-duck legislature. Only Democrats voted for the bills.
Not Fixed
That tax hike was supposed to permanently fix the Illinois budget. It did
nothing of the kind.
On June 11, 2011, I noted Illinois Insanity: State Spend $365K Taxpayer
Dollars to Teach People How to Fish; Hands Out $4 Million in Free Tuition to
AFSCME Public Union Workers
On August 31, 2011, I noted Illinois Loses Most Jobs in Nation
Following Tax Hikes.
Also recall that Instead of acting to help cities, Governor
Quinn strengthened prevailing wage laws several times (see my March 27, 2011
article Poisonous Illinois; Caterpillar CEO
Threatens to Leave Illinois over Taxes; Illinois Attorney General Wins Dubious
Honor “Prevailing Wage Award”).
Illinois Overtakes California for Second Highest Unemployment
Rate in Nation
With the above backdrop, no one should have been surprised
by my September 25, 2013 report Unhappy Anniversary: Illinois
Overtakes California for Second Highest Unemployment Rate in Nation
Temporary Hike?
Continue reading at … http://unionwatch.org/public-sector-unions-win-again-illinois-braces-for-another-tax-increase/