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.
Tax political campaign contributions.
That ought to make Pritzker very popular with the working class. Lol.
Like SCOTUS contorted itself to declare paying for insurance via Obamacare a tax, wish anyone working on a commission only or a base + commission basis coukd define their commissions as tips and be shielded from taxes. Whats the difference? That said, in Pritzker’s mind, anything can and should be taxed, except his toilets and Caymans tax shielded fortune.
Once again, IL residents become collateral damage in Pritzker & CO’s never ending nose thumbing at the Feds. It’s getting tiresome. Education reform, crime prevention, welfare reform, immigration policies- all ignored and wholeheartedly defied by the Marxists in charge.
Tax pensions if you want more money.
Can’t do that. Please, stop trying to blanket the site with mindless comments. We delete most of yours for that reason.
Add a 10% surcharge to any pension sent to an out of state resident.
Made it here contribute back
There have been others earlier advocating the same idea, but it’s clearly a ruse using another name to simply add a tax for the recipient and will be seen as such when disputed in court. It’s highly unlikely a court will support your idea since the “pension clause” of the 1970 IL Constitution denies the right to reduce or diminish an IL public employee’s pension.
But I’m sure Mr. Bhatt has no problem for working people to pay the way for the slugs. Pitting one class against each other is what its all about with the left.