Video: Here come more pension sweeteners…(aka tax hikes) – Wirepoints

Wirepoints joined Americans for Prosperity and the Illinois Policy Institute for a roundtable discussion on the proposed tier 2 pension sweetener legislation.

YouTube player

 

Read more about the Tier 2 pension issue from Wirepoints:

23 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
Where's Mine ???
10 months ago

Look for machine to pass Tier 2 fix “shell bill” next week, then they’ll wait for giant fed +$40g SALT cap lift as political cover to go for graduated income/ millionaires tax to fund Tier 2 fix in about two second flat……of course they’ll try and pass graduated income tax with no caps, just like last time, so eventually it will hit dopey chumbalone class…..expect, as usual, dopey chumbalones to be comatose or dazzled by all the anti DT rhetoric (for those that sip that flavor of cool-aid).

Where's Mine ???
10 months ago

will bankrupt blue state dems (Ill, Calf, NY, etc) turn +$40g SALT cap lift into giant excuse to raise taxes for giant gift to their public sector union base, and ZERO tax relief for the “working class”? Answer-YES, in about two seconds flat!!!

Last edited 10 months ago by Where's Mine ???
mqyl
10 months ago

Yes, I think the next round of commercials and other info supporting a graduated state income tax will be even more misleading than the initial round. And we all know how very many gullible IL voters (chumbolones) exist.

ProzacPlease
10 months ago
Reply to  mqyl

And of course the public union cheerleaders will be out in force.

Bobbi
10 months ago

Stop with the “ public servants” BS. They are all organized thieves.

earthling
10 months ago

Why would IMRF increase tier2 benefits since IMRF covered employees also pay into & receive SS?

Leaving Soon, just not soon enough
10 months ago

Public sector workers are laughing all the way to the bank.

PPF
10 months ago

LOL

Frank Miller
10 months ago
Reply to  PPF

Here is the sovereign citizen you were looking for yesterday.

https://x.com/IanJaeger29/status/1925341878611759488

Frank Miller
10 months ago
Reply to  PPF

Sovereign – one that exercises supreme authority within a limited sphere. Merriam Webster Dictionary

PPF
10 months ago
Reply to  Frank Miller

I wasn’t looking for it Frank. You spew your pseudolaw garbage about property taxes not being constitutional. It’s the same crazy logic that the sovereign citizens.use to try and get out of paying taxes. You clearly went down a wormhole of garbage on the internet and feel the need to share it here for some reason.

Frank Miller
10 months ago
Reply to  PPF

The governor of Florida is telling you direct taxation is unconstitutional, and you still refuse to hear it. Mental.

Frank Miller
10 months ago
Reply to  PPF

Since you can no longer provide a valid counter argument about the Constitution and the law in general, all you have left are desperate ad hominem attacks. Most people would have just taken their ball and gone home by now. Go home spooky.

Hello, Indiana!
10 months ago

One can hear the sound of Depends undergarments being wet with joy by pensioners that took their boodle and beat it to TN, TX, FL etc.

PPF
10 months ago

Those states would make sense for a pensioner to retire if they were to leave Illinois. Their pensions aren’t taxed in Illinois so imagine a husband and wife that maxed out their pensions and moved to say South Carolina? They would end up paying over 15k a year in income taxes when it’s zero in Illinois. If you are going to flee Illinois, you might as well go to another income tax favorable state.

More of the same
10 months ago
Reply to  PPF

The property taxes are radically lower than in Illinois, so one has to examine overall tax burdens when making a decision. You know this already though.

Don Parker
10 months ago

please keep up with the fight to bring a end to all these tax raises!!!!!! Thank you Ted!!!

Deb
10 months ago

Revamped pension system. Can only collect 1 pension- highest pension earned. Cannot collect pension if recipient still working for state in any manor.

PPF
10 months ago
Reply to  Deb

So instead of paying 2 pensions to 1 person the state will pay 1 pensions to 2 people. That may make people feel better but won’t save a dime. Oh, and now you get to cover health care for two people instead of 1. lol

The Railroader
10 months ago
Reply to  PPF

As a school superintendent, one can stack multiples pensions from separate jurisdictions. This is how these retirees end up receiving massive six figure pensions after retirement.

That which cannot continue will not continue.

PPF
10 months ago
Reply to  The Railroader

You completely missed the point. If you didn’t “stack” those pensions, that school district would have hired a different person that would have also earned a pension. The only difference is you would need to pay for retiree healthcare for two.

That which cannot continue will not continue”

Agreed. Taxes will eventually be raised as they can’t continue at the current low rate.

Where's Mine ???
10 months ago

Great job WP, IPI & AFP!!! Is the estimated $76 bil Tier 2 “fix”, Bryce quotes, only to cover “fix” for three Tier 2 state pensions to date only, from 2011 to 2025?

Where's Mine ???
10 months ago

And thanks Ted for once again pointing out the intellectual hypocrisy of the Illinois machine, that as a Illinois public sector person you can enjoy a guaranteed risk free upper-income lifestyle at the expense of the rest of Illinoisans who have no guarantees AND STILL CLAIM TO BE A PROGRESSIVE FIGHTING FOR THE “WORKING CLASS”. With CTU/Brandon & Stacy being are lead examples in this scam…….Why is our press so vested in this narrative? Who is still their audience?

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE