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" sbcglobal.net.

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

Technorati tags: politics Illinois Democrats illinois politics Patrick Quinn pat quinn taxes