Editorial: The millionaire’s tax will tempt many Illinoisans. Here’s why it is a terrible idea as written. – Chicago Tribune*

"It’s hard to justify asking voters to approve a constitutional amendment like this when so many core details are left undefined. ... But the biggest sticking point is that such a tax hike must be paired with a plan for the state to reduce its waste and overall spending, not just soak its citizens for what could be an additional $3 billion in taxpayers’ money for Springfield Democrats to spend at will."
Subscribe
Notify of

0 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

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

0
Would love your thoughts, please comment.x
()
x