Ted joined Jeff Daly of WZUS Decatur to talk about Illinois’ high tax burden, the fact that 22 states have cut their income tax rates, the return of the progressive tax via Sen. Martwick, the need for nuclear energy to cope with Illinois’ radical green energy policies, and the fallout from Illinois’ Amendment 1.
To listen, click on Thursday, Mar 16, 2023 Podcast Hour 2
Read more from Wirepoints:
- 22 states, including every Illinois neighbor, cut income taxes permanently. But not Illinois.
- Ending Illinois’ ban on new nuclear power plants should be a bipartisan no-brainer
- Lori Lightfoot gets the boot in murder-capital Chicago. What does that mean for mayors of other homicide hot spots?
- Pritzker’s contemptuous answer to a reasonable question on judicial recusal
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Cuttting taxes in Illinois, not going to happen with the public sector unions running the show.
I voted with my feet over 20 years ago and left Taxistan.
Consequently my bank account has an extra $200,000 in it.
Overly generous pension benefits make it impossible to lower taxes. They only thing they can do is raise taxes, double them every 5 years for the next 50 years. This is the largest generational theft in history, stealing money from unborn children. PPF and the likes of him have no scruples. Illinois will lose 250,000 residents each year for many years to come.
We have too much debt. It’s like a person complaining they have to work two jobs to pay off student loans. Get over it annd get to work. Until we pay down the debt we should not cut taxes. It’s absurd to think we should.
How to create an Illinois Public Sector Defined Benefit State Ponzi Scheme Pensions Paid First (TRS, SERS, SURS, JRS, GARS). From inception, operate the pension as a public sector defined benefit Ponzi scheme (insufficient assets to cover earned benefits). Hike salaries while pensions are underfunded. Via the legislative process, hike pension benefits while pensions are underfunded. Help elect politicians who will do the above. Add one sentence to the state constitution stating benefits cannot be diminished or impaired. Therefore who cares if the pensions are operated as a Ponzi scheme while salaries and pension benefits are jacked up, because the… Read more »
Crybaby rant rant rant. Illinois will have to pays its debt. Boo friggin hoo.
Since IL is first or second in combined taxes and third in population outmigration, what do you think raising even higher taxes will do? You don’t see a correlation between high taxes and people leaving?
PPFtard, I spit in your general direction!!
I bet your parents are so proud of you.
At least he has parents. (Not the state)
When?
PPF – you think it absurd to think Illinois should cut taxes, yet Pritzker is ruminating about doing just that. Now, it will never happen, especially in a “Where’s Mine?” state like Illinois, but such is the fabric of politicians.
You ask others to get to work. I have asked this before, with no answer. Are higher taxes exogenous to productivity?
But not absurd to think that education should get more funding, despite that debt, because they need and deserve more money. Taxpayers, on the other hand, only deserve higher taxes. Sound about right?
I would prefer less spending but I live in a society where I don’t always get what I want because the majority of the voters don’t support those types of candidates. Taxpayers deserve higher taxes when their vote supports these candidates. The rest of us deserve higher taxes if we can’t convince the spenders to stop and we decide to live in Illinois.
it’s all about choices. Choose wisely.
Why do you think 22 states have cut income taxes and still have budget surpluses? What do they do that IL doesn’t? Something like making promises they can’t or won’t keep?
The other states didn’t rack up massive debt like Illinois so we don’t have that option. Adulting is hard.
Ha! Adulting balances the budget and obeys the constitution, but I digress.
I’m for both of those things. Unfortunately neither party supports balanced budgets. Edgar and the republicans set up the ramp to cause structurally unbalanced budgets and democrats spend money elsewhere when revenue is up and they have the ability to increase funding. All while pretending budgets are balanced. So instead we are left with unbalanced budgets. Cutting taxes would make it even worse.
it’s unfortunate but this is what irresponsible voters choose.
Sir, do you support the constitution? Balanced budget is a constitutional requirement. It’s simple.