Monday, January 10, 2011

ILLinois now looking only at a 66 percent income tax increase

Give me your money
Governor Pat Quinn and the Democrats in the ILLinois General Assembly are now only looking at a relatively paltry 66 percent increase in the personal state income tax. Last week they proposed upping the rate from 3 percent to 5.25 percent--a 75 percent hike. The corporate income tax goes up too--from 4.8 percent to 7 percent, according to their latest plan. The spenders in the legislature were seeking an 8 percent rate. After four years the income tax goes down to a still undetermined amount.

This will cost me a lot of money--that cash is headed for the sinkhole known as Illinois state government. The state has a spending problem, not a revenue problem.

Last year a Quinn aide suggested a 2 percent increase in the personal state income tax, which the governor disavowed--he said he would veto a hike that big. But it appears that was Quinn's plan all along. He's a liar.

The 47 percent of Illinois voters--enough for Quinn to win a full-term after his former running mate, Rod Blagojevich, was booted out of office--should apologize to the rest of the state. They can start with me: john "dot" ruberry "at"

It's not a done deal, but taxpayers have a reason to be depressed.

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Greybeard said...

Please explain to this slow-witted old pilot-
Big tax increases are gonna attract businesses and jobs.... HOW?


Blaine - Moderator said...

Increasing the Illinois corporate income tax would be a great bonus for the economies of Wisconsin, Indiana, Michigan, Canada and many more states and countries around the world. The move to a combined rate of 45.9% would make Illinois the most expensive entity in the world to do business. This would create a boom for all relocation and UHaul services out of the state to anywhere else.

Illinois, you need to grow your jobs and population faster than anyone in the nation right now. This is exactly the wrong move unless you only want to accelerate your timetable to hit the wall.

Chris Edes said...

Here’s the contact info for the six Republican traitors planning to stab Illinois taxpayers in the back:

Roger Eddy - (217) 558-1040
Ronald Wait - (217) 782-0548
Dave Winters - (217) 782-0455
Bob Biggins - (217) 782-6578
Dale Risinger - (217) 782-1942
Larry Bomke - (217) 782-0228

Let them know this would be a career ending move.

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