-- Connecting the dots between our economy, government and business --
J.B. Pritzker promises to use a progressive income tax to hit the rich while lowering taxes on the middle class. Don’t buy it. It’s an empty promise. He’ll end up taxing the middle class as well. The proof is in the tax rates of Illinois’ neighboring states.
Comment: We wrote just last week about how this CooK County lawsuit could set the precedent for blowing a hole of $700 to $900 million in the state budget.
Comment: Meanwhile, the state is considering lifting the cap on tort claims against the state to $3 million.
With New York adopting tough new laws and moving toward a minimum wage for drivers, two aldermen here want Chicago to follow along. Expect a huge fight.
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