Chicago could set the pace for state tax future – The Telegraph
The thing to worry about is the prevailing attitude of taxing rather than cutting budgets can spread quickly. It’s a magnification of the long-standing way of doing business in Illinois, which is to spend first and find ways to pay later. The danger is in not recognizing when people have reached a saturation point. When that happens, the end result is regressive. Existing businesses leave, new businesses go elsewhere and cash-strapped taxpayers clinch the purse-strings a little tighter.