"The governor’s budget office said it wants the Illinois General Assembly to 'immediately' change state law to decouple from the new 'bonus depreciation' law ($121 million in corporate income taxes and $23 million in individual taxes) and unspecified others. It also wants the General Assembly to update state law to 'reflect the federal change from global intangible low-taxed income to net controlled foreign corporation tested income' ($90 million corporate)."
DOOM is what the Democrats have done for the state.
BJ and JB should be lining up with the federal government on starting the bankruptcies ASAP.
PPF
7 months ago
Looks like Illinois will need to raise taxes on those corporations and individuals that saved money from that Big Beautiful Bill. I know the SALT changes are putting over 9k a year back in my pocket. I’m sure they will want some of that.
Fed up neighbor
7 months ago
Seriously, Pritzker said everything is looking fine, wrong again captain liar strikes again.
Call my shrink
7 months ago
Dim no. Dire yes . Can we afford to keep the dems in power before they suck us dry and sink the state ?
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
DOOM is what the Democrats have done for the state.
BJ and JB should be lining up with the federal government on starting the bankruptcies ASAP.
Looks like Illinois will need to raise taxes on those corporations and individuals that saved money from that Big Beautiful Bill. I know the SALT changes are putting over 9k a year back in my pocket. I’m sure they will want some of that.
Seriously, Pritzker said everything is looking fine, wrong again captain liar strikes again.
Dim no. Dire yes . Can we afford to keep the dems in power before they suck us dry and sink the state ?