Roskam doubles down on tax cut plan – Crain’s

U.S. Rep. Peter Roskam, R-Wheaton says he intends to support what the media has dubbed “tax reform 2.0,” a measure that would make permanent and somewhat extend the individual tax cuts adopted on a partisan vote last year. Ryan told reporters he wants a vote by the end of the month, with the bill expected to make permanent a $10,000 limit on the state and local tax deduction that has clobbered some taxpayers in higher-tax states, including Illinois.

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Teetering Chicago Suburb Sued by Investors After Bond Default – Bloomberg

Comment: Poor Harvey. Its property tax rate is basically infinite because values are dropping towards zero. A court ordered an special property tax to fund a pension. It’s flow of state money was intercepted by pensions. Meanwhile, legislative leaders in Springfield continue to deny municipalities even the option of considering bankruptcy.

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