Greg Hinz: Good intentions aren’t enough to shape smart tax policy – Crain’s*

Though business people like any other group exaggerate the downside of tax hikes, you don’t have to be a genius to conclude that jacking up taxes at a time when the Loop is reeling is counterproductive. I mean, Johnson is talking about spending tens of millions of dollars to convert old LaSalle Street office buildings to residential use. Raising the transfer tax so much at one time could undo the progress the city wants on LaSalle.
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Giddyap
2 years ago

punitive taxes will kill any chance that Chicago draws job creators to live here

Fullbladder
2 years ago

Good intentions are the values of the liberal, not good outcomes. Having good intentions (example: Lori Lightfoot) is all that matters to the Leftist/Liberal, regardless of the harm that’s inevitable.

mqyl
2 years ago

“I mean, Johnson is talking about spending tens of millions of dollars to convert old LaSalle Street office buildings to residential use. Raising the transfer tax so much at one time could undo the progress the city wants on LaSalle.”

I guess that’s one way to look at progress. Many people would give an example of progress in a declining downtown of a major city as getting businesses to expand or move there.

Where's Mine ???
2 years ago

If passed, would Bring Home Chicago tax be used for ‘new migrant’ homeless mess?

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