Rich Miller: Financial transaction tax for Chicago? Forget it – Chicago Sun-Times

"When he was asked last month about the transaction tax, (Gov. JB) Pritzker said, 'Obviously, what we all want is a thriving financial services economy in the state and the city. I have not stood for a transaction tax, because I think it would be easy for those companies’ servers to move out of the state.' The financial services industry employs thousands of Illinoisans. And one of the leaders of that industry left Chicago in a huff last year."
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nixit
3 years ago

CME should lobby Pritzker and ILGA for a constitutional amendment banning all financial transaction taxes. Force them to express their true beliefs in that vote. And if it fails because of CTU screwball misinformation, move.

streeterville
3 years ago

This new administration isn’t concerned by Chicago financial-sector business community interests. Don’t think new administration is concerned by ANY business community issues, other than providing money-spigot of grants to politically-connected POC “start-up” MBE entrepreneurs.

Last edited 3 years ago by streeterville
FJB
3 years ago

5.5% corporate tax rate in Florida and 9.5% in IL? Sounds like the state is already charging a tax.

JackBolly
3 years ago

Here is a ‘magical plan’ that is done in other states and would work in Chicago – a city income tax. With a income tax, Chicago would effectively ‘mine for tax revenue’ the area out through the West and NW suburbs and up to Kenosha.

Old Joe
3 years ago
Reply to  JackBolly

Jack they’ve had one in Detroit since 1962 and they’ve mined most productive people and businesses right out of Detroit.

debtsor
3 years ago
Reply to  Old Joe

I’ve only been to Detroit once, about a decade ago, and it was exactly how I imagined it would be. Actually, It was worse than I imagined, it was almost as if danger lurked everywhere in the air, you’d be in a nice suburb but hear bass emanating from low-rider cars at all hours of the night. There were large, random office buildings that would otherwise have been built in Detriot, where instead located in the middle of random suburbs; even the nicer suburbs looked half blighted. It seemed that one wrong turn anywhere, including the suburbs, would take you… Read more »

Tom Paine's Ghost
3 years ago

Pritzker’s sock puppet reemerges from under his rock. Crawl back into irrelevance Miller.

Tom Paine's Ghost
3 years ago

Timer set on Miller’s down vote; starting……..now.

GM
3 years ago

Lol, TPG… just *who* are these cowardly pukes who are constantly down – voting, but are too a – scared to reveal their poor puny selves from under their slimey rocks…!!!???

Tom Paine's Ghost
3 years ago
Reply to  GM

It is hilarious that Miller has such a thin skin thatXXXX. Miller is the poster child of the 99% of “journalists” who are actually Democrat Pravda propaganda shills. The world would be a better place without Miller and his fellow Democrat Pravda parrots in it.

Last edited 3 years ago by Tom Paine's Ghost
Richard M
3 years ago

Your commentary is so insightful how could I resist.

Admin
3 years ago

Tom, don’t make up factual assertions about somebody that you don’t know to be true, please. We edited out your claim.

Tom Paine's Ghost
3 years ago
Reply to  Mark Glennon

Fair enough. Please allow me to rephrase: “It is hilarious that Miller has such a thin skin that it appears to me that he uses multiple browsers and web addresses to down vote any Wirepoints comments about him with which he disagrees. I deeply doubt that he has 12 to 15 Capitol Fax followers that are so robotically loyal to monitor Wirepoints for him and downvote on his behalf. Miller is the poster child of the 99% of “journalists” who are actually Democrat Pravda propaganda shills. The world would be a better place without Miller and his fellow Democrat Pravda… Read more »

Richard M
3 years ago

You tell em Tom. If you are only left with factual assertions you will have nothing to say. Don’t let Mark hold you back in spreading your truth.

Willowglen
3 years ago
Reply to  Richard M

It seems there is some good to Miller’s reporting. He is letting the far left know that Pritzker, and likely others inclined in many cases to support a new tax, that a financial services tax is just not going to happen. I don’t care for Pritzker but he happens to be right on this score.

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