-- Connecting the dots between our economy, government and business --
Brandon Johnson will be looking to Springfield for help with parts of his estimated $450 million package of tax proposals, but Gov. J.B. Pritzker made clear after meeting Friday with Chicago’s mayor-elect that he doesn’t support a major component of the plan: a tax on financial transactions.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
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.
Full interview and summary linked here.
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Pritzker says Republican governors and legislators are a threat to democracy. Not the first time he’s said it, either.
I’m so relieved to see we’re able to have sober-minded adult conversations about our differences….
“Pritzker told reporters during a joint news conference that he has “not stood for a transaction tax” because he believes financial services companies would relocate their operations or their computer servers if one were enacted.”
Yes, they would leave, though I’m stunned JB has acknowledged this fact.
Pigchop also vetoed BJ’s large tax increase on stuffed pizza pies.
You can be sure that Pritzker and all the Pritzker relatives would be against a transaction tax and real estate tax. These would directly affect their pocketbooks and financial investing. No way to avoid these taxes with offshore holdings. They’re OK with taxing the rich when they know there are ways of avoiding those taxes. But these taxes would be hard to avoid, so since it would cost them, no way.
Has B.J. spoken of, or even acknowledged the 2 firefighter deaths…?
I can’t seem to find anything…
No more than Ms. Harris acknowledged the six victims in Nashville – doesn’t fit their narrative.
He cares diddly squat about them.
Pritzker and Johnson deserve each other — a tax dodging crony capitalist trust fund racketeer — and a race hate peddling marxist gangster
The suburbs and downstate communities are also looking for help from Springfield.
Good luck with that!
‘“There is a threat to democracy that is occurring all across this nation and especially in states that are controlled by Republican governors and Republican majority and supermajority legislators,” Pritzker told reporters Friday’
Tribune Pravda has memory-holed Pritzkers repeated campaign promise for fair maps, and is just fine with the most gerrymandered map in America. Pritzker is a regular Soros.