Thursday, January 06, 2011

Dems make deal for massive tax hikes in Illinois

Skokie, IL business closing
More bad news from Illinois: Democratic Governor Pat Quinn and the Democrat-controlled General Assembly plan to slug taxpayers with a 75 percent income tax increase, a $1-a-pack cigarette take hike, and a corporate income tax increase from 4.8 percent to 8.4 percent.

The personal income tax jump, from 3 to 5.25 percent, is said to be temporary. Spending limits will be included in the deal. But not banning public-sector unions.

But this is Illinois. What was it that Quinn's former running mate, Rod Blagojevich said? Oh yes, "I will govern as a reformer."

Related post:

Action alert! Amazon.com may boot me--because of an Illinois internet sales tax

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1 comment:

Paul Mitchell said...

First the Amazon thing and now this? John, it is time to bail, man.